Commercial Development in CT1

Palace Street, Canterbury, Kent, CT1 2DZ

Brochure

Tenure: Freehold

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Starting bid£290,000

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Key Information

Parking: None

Property features

Centrally located mixed use freehold property
Basement
Two bed split level flat above retail shop
Period building
Two Storey (ground and basement) retail shop
Rear courtyard
Decking at first floor level with roof top views

Commercial Development in CT1

For Sale Via Online Auction. Fee's Apply.

Description -

A most attractive Grade ll listed period building set in the colourful Kings Mile area of the City in amongst a vibrant range of independent retailers, cafes and bistros and only a short walk the Cathedral precincts. The mixed use property has accommodation arranged over four floors and is configured to provide retail premises on the ground floor and basement, and a residential split-level flat on the upper two floors.

The retail premises is pleasantly presented providing a shop with window frontage to Palace Street and on the lower ground floor are two basement rooms providing stock storage. From the rear access is gained to the courtyard garden which measures approx 20 7 x 11 11 (6.27m x 3.63m) enclosed by solid brick walls and w/c.

The residential split-level flat on the upper levels is attractively presented and includes a large sitting/dining room to the front with views of the Cathedral spire. To the rear is an attractively fitted kitchen/dining to the rear, storage cupboard and patio doors to a small decked area enjoying views over the roof tops of the City. On the second floor are two comfortable bedrooms, both with inbuilt storage cupboards and the bathroom. The apartment benefits from gas fired heating and a good-sized loft. Access to the flat is via a shared entrance lobby.

The property is centrally located with all the main facilities and attractions are within walking distance including Canterbury Cathedral, the Marlowe Theatre and Whitefriars shopping comlex. The City also has a comprehensive range of Schools and Colleges plus two Universities. The High-Speed rail link provides services to London St. Pancras from Canterbury west station with a journey time of approx. 55 mins.

Current rateable value: Approx. £8,100

Description

Centrally located mixed use freehold property.

Location

Set in the colourful Kings Mile area of the City in amongst a vibrant range of independent retailers, cafes and bistros and only a short walk the Cathedral precincts.

Tenure

Title number K874045 - Freehold

EPC

Ratings D & E.

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

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