Property Details - 46-48 King Street, Stanford-le-hope, Essex

Photo of 46-48 King Street, Stanford-le-hope, Essex

Sold for £170,000

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By Order of the Mortgagees

Lot 4

This part single part two story detached building is found occupying a roughly triangular shaped site and comprises a ground floor vacant restaurant with two self-contained flats above. Flat 46a is sold on a lease for a term of 99 years from 1.5.1988 (about 72 years unexpired) and Flat 48a is sold on a lease for a term of 150 years from 1.5.1988 both paying nominal ground rents. The property is situated at the junction of King Street and High Street close to the town centre area of Stanford le Hope within short walking distance of the mainline rail station and public car parks. The restaurant previously traded as “The Bombay Nightclub” with statutory consent for use as a restaurant under Class A3 and is offered with full vacant possession and will be of interest to investors and owner-traders.

ACCOMMODATION

Entrance foyer leading to restaurant areas, function room, stock room with external entrance, kitchen area and WC's. GIA: 2,000 sq ft (approx.)
Outside: Garden/yard with external stores and double entrance gates onto High Street.

TENURE

Freehold

LOCAL AUTHORITY & TAX RATING

Thurrock Council. Tel: 01375 652652
Rateable Value: £32,500

VIEWING TIMES

Saturday 14th February 12noon - 12:30pm.
Otherwise by appointment through the Auctioneers

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

Buyers Premium of £600 inclusive of VAT
Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
Stamp Duty - rates easily available on-line
Your solicitor fees and any survey fees
Insurance - it is your responsibility from the date of exchange to insure the property purchased.

46-48 King Street, Stanford-le-hope, Essex

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