FREEHOLD MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT PROPERTY
2 Church Street , Broadstairs, CT10 2TP
- 0
Key features
Guide Price: *
£480,000
Fees apply
Buyer's fee:£3,960
All fees include VAT at 20%
Holding Deposit: *£1,040
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Opening bid:
£480,000Bid history
0 bidsFOR SALE BY ONLINE AUCTION - FREEHOLD MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT PROPERTY LOCATED IN PRIME ST PETERS LOCATION
This substantial mixed commercial and residential property is fully let and currently produces an annual income of £39,460. The property is located in the heart of busy St Peters, Broadstairs, close to the Co-op supermarket, doctors surgeries and post office.
The property comprises a shop premises at ground floor and basement levels, trading as a Rowlands Pharmacy on a 10 Year Commercial Lease from January 2023 at a current rent of £22,000 per annum.
On the upper levels, with separate access from the rear, are two self-contained duplex flats both currently let on Assured Shorthold Tenancies and comprising one x one bedroom flat currently let at £7,500 per annum (£625 per calendar month) and one x two bedroom flat currently let at £9,960 per annum (£830 per calendar month).
The property is being offered for sale by on-line auction with a guide price of £480,000 - auction fees apply. The auction closes at 12noon on Monday 23rd June. Full details of the auction bidding process and how to register are available on the Terence Painter website terencepainter.co.uk/on-line-auctions.
Viewings are strictly by appointment. For your viewing appointment please contact the agents Terence Painter on 01843 866866
Summary
- Auction end
- 23rd Jun at 11:00
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- 3
- Bathrooms
- 3
- Council tax band
- Ask Agent
Summary
- Auction end
- 23rd Jun at 11:00
- Property type
- Commercial
- Tenure
- Freehold
- Bedrooms
- 3
- Bathrooms
- 3
- Council tax band
- Ask Agent
This property is being sold by:
Terence Painter - Kent
01843 866866
44 High Street, Broadstairs, Kent, CT10 1JT
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Terence Painter Online Auction shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Terence Painter Online Auction. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
