Lot 38

A PAIR OF HOUSES TOGETHER WITH THIRTY-SEVEN GARAGES AND A WORKSHOP FOR INVESTMENT

2 & 4 Star Mill Lane & Garages Rear Of 2 & 4 Star Mill Lane, Chatham, Kent, ME5 7HE
2 & 4 Star Mill Lane & Garages Rear Of 2 & 4 Star Mill Lane, Chatham, Kent, ME5 7HE
Sold After

Currently let at £34,740 per annum

A substantial block of freehold property comprising a pair of two storey houses, a large compound of 37 garages and a workshop to the rear. It is considered there is future potential for development of the site, subject to all necessary consents being obtainable.

Local Planning Authority

Medway Council. Tel: 01634 331700. Website: medway.gov.uk.

2 Star Mill Lane

Ground Floor

Entrance hall and kitchen.

First Floor

Living room, two bedrooms and bathroom with W.C.

Outside

Garden to rear. Outbuilding/store.

Tenancy

Holding over under the terms of an original Assured Shorthold Tenancy at a current rental of £555 per calendar month.

4 Star Mill Lane

Ground Floor

Living/dining room, kitchen and utility room.

First Floor

Three bedrooms and bathroom with W.C.

Outside

Garden to rear.

Tenancy

Holding over under the terms of an original Assured Shorthold Tenancy at a current rental of £675 per calendar month.

Garages

To the rear of the property there is a substantial collection of 37 lock-up garages together with a workshop.

Tenancies

The current income is £1,665 per calendar month. A schedule of individual rents will be available to download from the Clive Emson website or inspection at the Auctioneer's Office.

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/