53-57 High Street, Newington, Sittingbourne, Kent ME9 7JJ
PERIOD RESTAURANT WITH TWO FLATS AND COACH HOUSE
This Grade II Listed period building is arranged as a fully fitted and functioning restaurant providing for about 80-100 covers with office, managers flat, staff flat, two storey self-contained building with separate access, detached double garage block and customer car park all situated on a corner site at the junction of High Street and Church Lane within in the heart of Newington Village on the A2 between Rainham and Sittingbourne. Good road and rail access is provided by Newington main line station about 200m distant with a direct link to Victoria Station (about 1 hour) and access to the M2 and M20 Motorways via the A249. The property can be continued in its existing format with a total ERV of £80,000 per annum or utilise the potential for alternative uses subject to receiving all necessary consents. The property is being offered with full vacant possession and will be of interest to investors, developers and business entrepreneurs.
Restaurant and Bar Area, Additional seating area, Mezzanine Office, Kitchen, Customer WC's, Ancillary storeage, cellar.
Three bedrooms, reception room, kitchen, shower room/WC.
Three rooms, kitchen/diner, bathroom/WC.
Two Storey Building (with separate entrance):
First Floor: Two bedrooms, shower room/WC Ground Floor: Open plan room
Car park accessed from Church Lane. Detached double garage/coach house.
LOCAL AUTHORITY & TAX RATING
Swale Borough Council. Tel: 01795 417850 Rateable value: £15,000
Strictly by arrangement with the Auctioneers
*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.
Please note that the following additional fees will apply to the purchase of your property:
1. Buyers Premium of £600 inclusive of VAT
2. 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.
3. Stamp Duty - rates easily available on-line
4. Your solicitor fees and any survey fees
5. Insurance - it is your responsibility from the date of exchange to insure the property purchased.