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6 bedroom retail,development,investment for sale in High Street, Sevenoaks, Kent, TN13

Guide price £1,150,000

  • 6
  • 1
  • 2

Freehold building comprising of 4 apartments and 1 retail unit with outside space and far reaching views in the heart of Sevenoaks Town

  • Investment
  • Retail
  • Development
  • Investment
  • Freehold

** For sale by online auction ** pre-auction offers considered ** mortgage buyers welcome **

GUIDE £1,150,000 TO £1,350,000

Freehold building with heaps of character in the heart of Sevenoaks comprising of 4 apartments and 1 retail unit with outside space and far reaching views.

The property comprises two attractive grade II listed early 19th Century terraced buildings set over ground and first floors, with a number of original features including sash windows, exposed beams and beautiful fireplaces. In total the building houses 4 apartments and a commercial unit on the ground floor with both buildings having a rear yard currently used as gardens with for flats 25b and 27b.

COMMERCIAL UNIT
Comprises five rooms (3 rooms in 25 High Street including the WC and 2 rooms in 27 High Street) and is occupied by a hair salon tenant. The premises have been decorated to a good standard. The occupier also has access to a ground floor WC that is accessed via a common hallway. The main access to the unit is via a doorway fronting the High Street in no. 25.

RESIDENTIAL
Flat 25a – first and second floor duplex with ground floor entrance, comprising a kitchen / breakfast room, sitting room, two bedrooms and family bathroom

Flat 25b – lower ground studio/ one bed flat with separate bathroom and kitchen, benefitting from its own self contained entrance to the rear of 25 High Street.

Flat 27a – part first, second and third floor flat comprises one bathroom, a large sitting room, separate kitchen and two bedrooms.

Flat 27b – lower ground and ground floor 2 bed duplex which can be accessed at ground floor or lower ground floor (via a rear garden). Benefits from a large kitchen, living room, conservatory and two bathrooms.

INCOME
The four residential apartments are currently let and will be put on 6 month ASTs before completion at the following

25a High Street - £900pcm
25b High Street - £700pcm
27a High Street - £900pcm
27b High Street - £900pcm

The estimated open market rents for each apartment would be aproximately £200 per calender month more on all apartments.

Shop is let for £20,820 per annum - Lease term to 28/02/2030 (Break clause in 2026 subject to 12 months written notice)


LOCATION
The property is located in a sought after location, within walking distance of the town centre, mainline station, Vine Cricket Ground and Knole Park, which is just across the road. Sevenoaks town centre is 0.2 of a mile away with its
comprehensive shopping facilities with both national brands
and individual businesses all easily accessible. The wide
choice of social and recreational activities include the Stag
Theatre and cinema, leisure centre with swimming pool,
fitness suite and an extensive sporting programme, various
golfing venues and a fine selection of restaurants. Sevenoaks mainline station (fast rail services to London Bridge, Waterloo East, London Charing Cross and Cannon Street) is 0.9 miles distant. Access to the M25 (junction 5) can be found at the Chevening interchange about 2.5 miles away. Schooling is excellent with many highly regarded primary, private and grammar schools within the area including the renowned Sevenoaks School, St. Thomas' RC school, Lady Boswells, Solefields and the New Beacon.

AUCTION INFORMATION
This property is offered for sale by the ‘modern method of auction’ through an Online Auction. This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform. The winning bidder, assuming the reserve is met, is granted exclusivity of the property at the winning bid price for 28 days in which they must exchange or the vendor is free to remarket the property and the reservation fee will not be returned. The auction will run for 3 hours on a set date and time chosen by the vendor of the property. Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3% inclusive of VAT of the winning bid in addition to the purchase price subject to a minimum fee of £4,800 inclusive of VAT. The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives. We strongly recommend that you review the legal documents prior to bidding and seek legal advice. PLEASE REMEMBER THAT THE RESERVATION FEES ARE PAYABLE IN ADDITION TO THE ASKING PRICE.

Fees paid to the auctioneer may be considered as part of the chargeable consideration and may attract stamp duty liability. Bidders will be required to register in order to download the ‘legal pack’, if you choose to bid on the property you will be required to complete further identity checks for anti-money laundering purposes, provide card and solicitors details before you are able to place a bid.
Properties may be sold prior to public auction if an offer is accepted by the vendors.


**Guide price - This is an indication of the seller’s minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction.


**Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction then the property will not be sold. In normal circumstances the reserve price should be no more than 10% above a single figure guide price or if a guide price bracket is quoted the reserve will fall somewhere within those figures.

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