Lot 27

FREEHOLD COMMERCIAL AND RESIDENTIAL TOWN CENTRE INVESTMENT

34 High Street, Gillingham, Kent, ME7 1AZ
34 High Street, Gillingham, Kent, ME7 1AZ
UNSOLD

Currently let at £33,000 per annum

A substantial four storey building located in the busy town centre convenient for the mainline commuter railway station. The property provides a self-contained office premises on the ground and lower ground floors together with self-contained residential accommodation on the three upper floors arranged as three letting units.

Ground Floor

Reception area with office to front, inner hall, middle office and rear office.

Lower Ground Floor

Hallway, store room at front, office and kitchen with ladies and gents W.Cs. The retail has an additional access to the rear of the unit.

Tenancy

Let on a renewed effective FRI commercial lease, commencing 1st March 2019, for a term of seven years at a current rental of £12,000 per annum.

Flat 1

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £600 per calendar month.

Flat 2

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £450 per calendar month.

Flat 3

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £700 per calendar month.

Outside

Two car parking spaces at rear.

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 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 cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

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 cliveemson.co.uk/buyers-fees/