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 moreA 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.
