LOT 34

Part Ground, 1st, 2nd & 3rd Floors, 7 High Street, Canterbury, Kent, CT1 2JH

VACANT PRIME CITY CENTRE REDEVELOPMENT OPPORTUNITY WITH PLANNING PERMISSION FOR 6 DWELLINGS

Result: Sold for £545,000 Guide price: £475,000 - £500,000*

Auction Date

Thursday, 27th May 2021 12:00pm

Canterbury is an historic small cathedral city in Kent and is a UNESCO World Heritage Site. Located about 50 miles from London it is one of the most tourist visited cities in the UK with over 6 million visitors. The property occupies a prime position fronting the High Street. A new residential entrance and internal staircase have already been created in anticipation of redevelopment. The upper floors are VACANT and fully stripped out with views of the Cathedral.

Lease Details

New 999 years lease at a peppercorn

OFFERED VACANT WITH PLANNING PERMISSION FOR 6 DWELLINGS

Planning

1. GRANTED 16.04.2021 (ref.CA/21/00391) for change of use to 6 DWELLINGS
2. GRANTED 16.04.2021 (ref. CA/21/00386 for numerous roof lights and new windows.
Plans show the following:
1 x 2 BEDROOM DWELLING ON 2 FLOORS
5 x 1 BEDROOM DWELLINGS

Note

Auction Surveyor: Ian Mann
Contact: 020 8509 4407

Status

Sold for £545,000

Addendum

VAT is payable so the deposit is held as Stakeholders. However please see this link to an article produced for us: https://www.strettons.co.uk/news/strettons-news/commercial-to-residential-the-vat-minefield/

Joint Auctioneer

Piotr

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.