1-7 Jacob's Yard & 8 Preston Street, Faversham, Kent, ME13 8NY
Clive Emson Land & Property AuctioneersClive Emson Auctioneers is one of the UK’s leading property auction houses, specializing in residential, commercial, and land sales. With decades of experience, they provide expert advice and a seamless auction process, attracting buyers and sellers across London, the South East, and the West Country.
Read more Read moreGuide Price* : £150,000 - £160,000 Currently let at £14,250 per annum A mixed investment located in the centre of Faversham, situated close to local and national retailers, supermarket and Faversham's mainline railway station. This investment comprises a barber's shop and opticians (both currently let), a furniture shop and a house which have been sold on long leases, together with five flats, also sold on long leases. 1 Jacob’s Yard - Kings Cuts Tenancy Let under the terms of a 10-year commercial lease from 10th August 2023 at a current rental of £5,750 per annum. 4 Jacob’s Yard Optima Opticians - Tenancy Let under the terms of a commercial lease expiring 2025 at a current rental of £8,000 per annum. 8 Preston Street - Faversham Furnishing Tenure Sold on a 125-year lease, from 1st January 2009, at a current ground rental of £125 per annum. 3 Jacob’s Yard Tenure Sold on a 125-year lease from 19th November 2019 at a current ground rental of £125 per annum. Flats 1A, 2, 5, 6 & 7 Jacob’s Yard Tenure Each sold on a 999-year lease from 27th June 2003, at a current ground rental of £50 per annum each. 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.
