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Lot 7

BY ORDER OF THE FOYLE FOUNDATION
6 Week completion

SITUATION

Occupying a prominent position on the pedestrianised High Street in the heart of the town centre, opposite Ernest Jones and surrounded by a number of Banks and Estate Agents together with such multiples as Boots, WH Smith, Marks & Spencer, Tesco Express, Starbucks and many others.
Ashford is a market town lying approx. 14 miles north-west of Folkestone and approx. 17 miles south-east of Maidstone with excellent communications to central London via the M20 (Junction 9) and Ashford International Railway Station with services to London's Charing Cross (85 minutes) and Paris (114 minutes).

PROPERTY

An attractive Grade II Listed period terraced building comprising a Ground Floor former Banking Hall with Basement Storage plus internal and external side access to First Floor Offices (see Note 1) as well as an Attic. The front archway is excluded from the title at ground floor only.

ACCOMMODATION

(Plans available from Auctioneers)
Ground Floor Banking Hall
Gross Frontage 31'4" (at 1st. Floor)
Gross Frontage 22'11" (at Grd. Floor)
Internal Width 20'8"
Bank Depth 35'11"
Built Depth 74'9"
Area Approx. 1,275 sq ft plus WC
Basement
Area Approx. 235 sq ft
First Floor Offices
6 Offices, Kitchen/Staff Room
Area Approx. 925 sq ft plus 2 WCs
Attic Floor
4 Rooms Area Approx. 355 sq ft

Total Area Approx. 2,790 sq ft

VAT is NOT applicable to this Lot

FREEHOLD offered with VACANT POSSESSION

Note 1: The first and attic floors may be suitable for residential conversion, subject to obtaining the necessary consents.

Note 2: The property was previously let for £47,500 p.a.

Note 3:As the property is Grade II Listed empty rates will not be applicable.

*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 Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 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.

75 High Street, Ashford, Kent TN24 8SF