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    Key features

    • Substantial detached block of 15 self-contained flats
    • 10 x one beds, 2 x two beds and 3 x three beds
    • Convenient to the amenities of Leysdown-On-Sea
    • Investment fully let at £94,676.40 per annum

    Description

    A substantial freehold detached block of 15 self-contained flats arranged over three floors.

    Comprising 10 one bedroom flats, 2 two bedroom flats and 3 three bedroom flats.

    The block benefits from a large car park to the rear and some small areas of communal gardens, mostly to the front of the block.

    Two main communal entrances, one shared by flats 1 - 10 with the other shared by flats 11 - 15.

    Investment fully let at £94,676.40 per annum.

    Additional information

    Tenure

    Freehold

    Rent

    £94,676.40 per annum

    Notes

    The owner of the property is also keen to explore a share sale of the Thames Court Kent Limited, in place of an asset sale, which would be to the mutual benefit of both parties. Completion for a share sale would also be in 8 weeks.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Leysdown-On-Sea is a coastal village on the east side of the Isle of Sheppey on the Thames Estuary

      Thames Court is located on Leysdown Road, the main access route through the village

      Local amenities are all within a few metres along Leysdown Road with a broader range available in the centre of the town of Minster-On-Sea (approximately 6 miles)

      Recreational amenities and beauty spots of Leysdown Beach, Leysdown Coastal Park and Swale National Nature Reserve are all easily accessible

      Transport

      Swale - National Rail

      360 Bus - Leysdown - Sheerness Bus

      Legal documents

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      EPC rating

      The EPC rating for this property is D

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums