Located in the heart of Maidstone town centre is this mid-terrace mixed use property arranged as a commercial unit and two self-contained flats both sold on long leases. The property is within easy reach of various amenities including Maidstone East mainline railway station.
12 St Faiths Street Ground Floor Retail area, W.C. and staffroom.
Tenancy Let on a 15-year lease from 20th July 2022 at a current rental of 14,000 per annum.
EPC Rating B (47). Total Floor Area 34 sq.m.
11B Station Road Tenure Remainder of a 99-year lease from 4th October 1982 at a current ground rental of 10 per annum.
11A Station Road Tenure Remainder of a 99-year lease from 12th July 1982 at a current ground rental of 10 per annum.
Auctioneer's Note Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.
Commercial EPC: B
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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