Investment for sale in Hythe

AUCTION PROPERTY A period High Street building located close to various retailers including TG Jones (formerly WH Smith), Boots as well as various other retailers including Iceland and various independent shops.

The property comprises a ground floor shop, trading as a cafe with a two storey store to the rear, a four-bedroom maisonette with separate entrance and a hairdressing salon to the rear of 124 High Street.

Commercial - Ground Floor
Single display window with door leading into the front seating area with counter/servery. Rear seating area with further counter/servery, lobby with access to courtyard garden, preparation area and W.C.
Lower Ground Floor
Main commercial kitchen and store room with access to rear and vaulted open outside store. Two storey outbuilding off the courtyard.
Outside
Courtyard area providing further seating.
Tenancy
Let under the terms of a seven-year lease from 1st December 2021 expiring 30th November 2028 at a current rental of 12,600 per annum. We understand the lease is outside the Landlord & Tenant Act 1954 Part II.
EPC Rating
D (77) Total Floor Area 92 sq.m.

Hairdressing Salon
Situated off the courtyard area to the rear of 124 High Street comprising hairdressing salon, kitchen area and W.C. We understand there is a basement accessed from the courtyard, but this has not been inspected.
Tenancy
Let informally at a current rental of 50 per calendar month.
EPC Rating
To be confirmed.

Residential - Maisonette
Separate access at ground floor level (to the right of the shop window). The maisonette has a gas heating system via radiators.
Ground Floor
Entrance hall with stairs to first floor.
First Floor
Landing, living room, dining room (or bedroom two), kitchen and bathroom with W.C.
Second Floor
Landing and three further bedrooms.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of 667 per calendar month. From 1st May the tenancy will become a rolling tenancy and referred to as an Assured Periodic Tenancy.
EPC Rating D
Council Tax Band B

Auctioneer's Note
Prospective purchasers are requested not to contact the tenants directly and videos are available to view on the Clive Emson website.

Residential EPC: D

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/