Tyler Way

Ref: Lot 6

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Town & Country Property Auctions South
Town & Country Property Auctions South

Unconditional (Buyer's Premium)


UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a £5,000 or 5% deposit and a 5%+VAT buyers premium (subject to a minimum of £8,500 plus VAT) and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion on 26th July 2024 (unless otherwise stated).

Description

Large commercial industrial site for sale by public auction on Tyler Way, Whitstable, Kent, CT5 2RS. The site is sold as a long leasehold and we are advised that the site has a long leasehold with approximately 45 years remaining.

For full information on this Lot please download the legal pack which is available free of charge and viewings are permitted by appointment only. Please contact Town & Country Property Auctions for more information.

OPEN DAY - BOOK YOUR VIEWING TODAY
We will be attending the site on Monday 13th May 2024 at 1pm until 2.30pm. All interested parties are advised to call the office to arrange a viewing as all appointments are by appointment only.

PROPERTY INFORMATION
. Tenure: Leasehold
. Lease Term: 99 Year Lease from 22/5/1968
. Ground Rent Per Year: £85,000 (There is a rent review every 10 years and the current rent remains until March 2028)
. Annual Maintenance Cost: None

Tenure

Leasehold

Buyers Premium

* Buyers Premium Applies

Special Conditions

Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’.  Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.


* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.

We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.

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