For sale by Modern Method of Auction; Starting Bid Price £385,000 plus Reservation Fee.
Investment Opportunity in the heart of Whitstable!
Miles and Barr Commercial are delighted to be assiting with this Freehold investment opportunity on the popular Harbour Street, Whitstable. The property comprises of two ground floor lock up shops, and a three bedroom residential flat. The right hand shop has been in situ for 30 years, and the left hand shop for 10 years. There is also a rear garden space to the property with access from Sea Street via a double width gated entrance. Access is also available from Harbour Street to the rear by side passage.
Current Rental Income:
Shop One = £10,000pa
Shop Two= £6,480pa
The residential flat is currently vacant.
Both commercial shops are currently on rolling contracts, but have been in situ for over twenty five years each!
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300 inc VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.2% of the purchase price inc VAT, subject to a minimum of £6,000 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.
|Right Hand Shop Sales Area||24' 11" x 11' 1" (7.60m x 3.38m)|
|Left Hand Side Shop Area||13' 7" x 12' 0" (4.13m x 3.65m)|