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Lot 32
66 High Street & 2a/2b Lingfield Road, Edenbridge, Kent TN8 5AJ

  • Photo1
  • Photo2

* Reserve below

£300,000

6 Week completion

SITUATION

Located in the heart of the town centre, on a prominent corner position at the junction with Lingfield Road, adjoining Costa Coffee and amongst such multiples as Waitrose, Lloyds Bank, Domino's, Tesco Express, Costcutter, Day Lewis Opticians and others.
Edenbridge is an attractive Market Town in the Sevenoaks district of Kent lying approximately 10 miles west of Tonbridge and 10 miles north-west of Royal Tunbridge Wells, enjoying good road access via the A21 and A22 to the M25.

PROPERTY

A corner Grade II Listed building comprising a Large Ground Floor Double Fronted Betting Shop with separate rear access to 2 Self-Contained Flats on first and second floor level.
In addition the property benefits from a parking area at the rear for at least 4 vehicles.

VAT is applicable to this Lot

FREEHOLD

Note 1: We understand this is the only Betting Shop in Edenbridge.

Note 2: In accordance with 5.5B of the Landlord & Tenant Act 1987, Notices were served on the lessees and they have not reserved their rights of first refusal. This Lot cannot be sold prior to the auction.

TENANT PROFILE

Ladbrokes and Coral merged in 2016 to create Ladbrokes Coral Group plc, the largest bookmakers in the UK with some 3,500 stores (www.coral.co.uk). For Y/E 31/12/16, Coral Racing Limited reported a T/O of £867.4m, Pre-Tax Profit of £91.2m and Shareholders' Funds of £215.8m.

TENANCIES & ACCOMMODATION

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £750 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.