FOR SALE: FREEHOLD INVESTMENT – 71 & 72 CENTRAL PARADE, HERNE BAY SEAFRONT, CT6 5JQ

£795000

Address: Central Parade, Herne Bay CT6 5JQ, UK


FOR SALE: FREEHOLD INVESTMENT – 71 & 72 CENTRAL PARADE, HERNE BAY SEAFRONT, CT6 5JQ

Property Description:

DESCRIPTION: A detached seafront property, located directly opposite the clock tower on Herne Bay seafront. At street level the property comprises 2 shops and in between them is a residential doorway to the upper part. The property comprises small basement, ground floor, first and second floors. It is an imposing and impressive property standing taller, or as tall as the adjoining properties. The current user under the lease is A1 or A3 and is currently used for A3 in various forms. 71 Central Parade can be divided to create a studio at the rear for commercial use such as Chiropodist, nail bar etc… The property is constructed of brick with 2 shop fronts and is rendered on the front elevation, having bay windows at first floor level in wood and wooden sash windows at second floor level. The property has been well maintained. LOCATION: The property is situated on the seafront at Herne Bay, directly opposite the famous and well known clock tower, car park and promenade. The property is on the edge of the town centre which can be reached on foot within approximately 3 minutes walk. Herne Bay is situated on the coast with access from the A299 which leads from the A2 through to Margate. It is a favorite location for weekenders. It is approximately 15 miles from Canterbury and Margate. USER: The premises are currently occupied by the tenant for the purposes of hot food for consumption on and off the premises. The lease provides for these uses. Rateable Value: 71 Central Parade - £4,050 per annum 72 Central Parade – Not shown Council tax band: C Lease: The property is let on a lease for 20 years from the 1st December 2011 at a current rent of £20,000 per annum. Lease Terms: The lease is on full repairing and insuring terms; the tenant entirely responsible for the whole building. There is no break clause in the lease and therefore a purchaser is guaranteed the income for the next 15 years. EPC: In accordance with legal requirements this will be provided. The price required for the freehold interest subject to existing lease is £795,000, subject to contract.
AREA & MEASUREMENTS: The areas are calculated in accordance with the RICS code of measuring practice and stated as Net Internal Area. 71 Central Parade shop: Frontage – 3.039m Retail Depth – 7.545m Built depth – 11.109m Total ground floor (inc rear room) – 32.041m2/344ft2 71a Central Parade residential 2 floor upper part: 1st floor- communal kitchen, bath/shower room, front room west, front room east, rear room 2nd floor – bathroom, rear room east, rear room west, front room east, front room west Total number of rooms (excluding kitchen and bathroom) is 7 Total area of residential property – 97.707m2/1051ft2 72 Central Parade Shop: Frontage – 4.673m Retail Depth – 13.181m/built depth – 20.027m Total ground floor (inc shop, kitchen, wash up and external store) – 83.434m2/898ft2 COSTS: Each party is responsible for their own costs VIEWING: The property can be viewed solely by appointment only through Landlord’s Agents and at the vision of the tenants and their sub tenants: Maltbys Chartered Surveyors, 20 Parkhurst Road, Bexhill-on-Sea, TN40 1DF Tel:             01424 730678 Email:        esme.beerbohm@maltbys-bexhill.co.uk                             Alannah.hunter@maltbys-bexhill.co.uk
Subject to contract and without prejudice January 2018


Price: £795000

Availability: For Sale


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