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Investment for sale in Sheerness

Neptune Snooker Hall, 13 Neptune Terrace, Sheerness, Kent
For sale
£150,000
AUCTION PROPERTY
clive-emson-auctioneers
This property is marketed by:
Clive Emson Auctioneers
A freehold detached building located in Sheerness town centre adjacent to the sea wall and a short distance from local amenities and the train station. We have been informed the building has had several uses over the years, including amusements and a bingo hall but has been run as a snooker club for around 40 years. The current tenant has been in occupation for ten years but is now vacating to a bigger premises with their current contract terminating on the 6th June 2026.

There is lapsed planning from 2010 for redevelopment of the site with three two-bedroom houses and the building may be suitable for a variety of schemes, subject to all necessary consents being obtainable.

Ground Floor
Entrance lobby, bar and seating area, ladies and gents W.C.s, open plan snooker hall.

Cellar
Three rooms (not full head heights).

Tenancy
Currently let on a commercial lease which expires on 6th June 2026 at a current rent of 12,000 per annum.

Planning
Planning Permission was granted by Swale Borough Council under reference SW/10/1067 dated 24th November 2010 for removal of the existing extension, erection of two-storey extension and change of use/external works to existing building from snooker hall to create three residential dwellings with associated shared amenity area and landscaping, subject to conditions. This Planning Permission has now lapsed. A copy of the Planning Permission and accompanying documents may be downloaded from the Swale Borough Council website, swale.gov.uk. Tel: 01795 417850.

EPC Rating
D (96). Total Floor Area 314 sq.m.

Viewing
Viewing will be external only.

Freehold with Vacant Possession

Commercial EPC: D


Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.


Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/

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