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Floorplan
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    Key features

    • To be offered on Wednesday 22 April
    • Freehold mixed use investment
    • Two self-contained flats on first and second floors
    • Ground floor retail / office unit let at £13,000 per annum
    • Flats let at £600 pcm each (potential to increase)
    • Total Rent Reserved £27,400 per annum
    • Rear parking for up to 5 cars
    • Busy High Street Location
    • Investment let at £27,400 (11.66% GIY on guide)

    Description

    A traditional brick built four floor terraced building with a pitched and tile covered roof. Arranged as retail on ground and basement with two self-contained flats above. Rear hard standing / parking.

    Joint Agent Grey Fox

    Telephone 01634 963500

    Additional information

    Tenure

    Freehold

    Accommodation

    Retail - Ground floor with basement storage, approximate area 67 sq m (721 sq ft)

    First floor - One bedroom self-contained flat.

    Second floor - One bedroom self-contained flat.

    Tenancy

    The ground floor office and basement with car parking is let on a 5 year lease from 4/10/21 at a rental of £13,000 p.a.x.

    Total Sq ft.  Approximately 859 sq.ft. (79.8 sqm.) over

    ground and basement.  

    Flat 1 - Let on an AST from 10/01/2018 at a rental of £600 per

    calendar month

    Flat 2 - Let on an AST from 18/7/2018 at a rental of £600 per

    calendar month 


    Rent

    £27,400 per annum
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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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      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      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

      Situated to the north side of the High Street, close to the junction with Hammond Hill.

      Other nearby occupiers include the Co-Op Funeral Care, Premier Convenience Store and No 64 Coffee Shop.




      Transport

      Chatham Railway Station (CTM)

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      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