Property for sale

23 Bank Street, Ashford, Kent TN23

Situated in the heart of Ashford town centre, is this ground floor commercial property, let under the terms of a seven-year lease from 2024, together with the first and second floors which have prior approval for conversion into two two-bedroom flats.

Commercial
Ground Floor
Retail area with rear store and toilet towards the rear of the store.
Tenancy
Let under the terms of a seven-year lease from the 16th October 2024 at a current rental of £22,000 per annum increasing to £24,000 from the 16th October 2026 to the 15th October 2027 and a review date every three years from October 2027.
EPC Rating
D (76). Total Floor Area 138 sq.m.

Upper Parts
Ground Floor
Separate ground floor access with stairs to upper floors which were used as offices.

Planning
Planning Permission has been granted by Ashford Borough Council for conversion of the first and second floor offices to two two-bedroom flats under reference not/2024/1278 subject to conditions dated the 19th August 2024. A copy of the prior approval and consent together with the proposed plans are available to be downloaded from the Ashford Borough Council website, . Tel:

Proposed Accommodation
First Floor
Landing with stairs to second floor.
Flat 1
Entrance hall, living room, kitchen, two bedrooms, shower room/W.C. And home office.

Second Floor
Landing and access to Flat 2.
Flat 2
Hallway, living room, kitchen, two bedrooms, shower room/W.C. And home office.

Viewing
Viewing of the upper parts only, by arrangement with the Auctioneers only.

Freehold with Part Vacant Possession
Commercial EPC: D
Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on , in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to