Lot 33 - Freehold Commercial Investment Let To The Kent County Council
Cyclopark, Gravesend, DA11 7NP
Guide Price: *
£480,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£1,213,000Bid history
200 bidsBThis is an automatic bid as the bidder has set a maximum bid for this lot
09/02/2022 13:16:52 - £1,213,000
H
09/02/2022 13:16:52 - £1,211,000
BThis is an automatic bid as the bidder has set a maximum bid for this lot
09/02/2022 13:11:52 - £1,209,000
See all 200 bids â–¾
On the instructions of the Trustees
Currently let at £30,600 per annum
Cyclopark lies to the north of the A2 with access off The Tollgate which, in turn, lies off Wrotham Road. It extends to approximately 15.3 hectares (38 acres) and is let on a 50-year lease to the Kent County Council.
The site comprises part of a multi-sport open-air centre which includes a bike track, skate park and other sporting facilities including a 2.9 kilometre tarmac course for road bikes; a 330 metre BMX race-track and a 6 kilometre track for mountain biking.
Tenancy
Let to the Kent County Council on a 50-year lease, from 16th December 2010, at a current rental of £30,600 per annum. A copy of the lease will be included in the legal documentation, available to download from the Clive Emson website.
Auctioneer's Note
The website for Cyclopark is www.cyclopark.com.
Joint Auctioneer
Messrs Caxtons, 1 Castle Street, CANTERBURY, Kent, CT1 2QF, 01227 788088
Summary
- Lot number
- 33
- Auction end
- 9th Feb at 13:21
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
Summary
- Lot number
- 33
- Auction end
- 9th Feb at 13:21
- Property type
- Commercial
- Tenure
- Ask Agent
- Bedrooms
- 0
- Bathrooms
- 0
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson Auctioneers
0345 8500333
Rocky Hill, London Road, Maidstone, Kent, ME16 8PY
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.