Lot 38

A PAIR OF SUBSTANTIAL PERIOD PROPERTIES ARRANGED AS EIGHT FLATS FOR INVESTMENT

4 & 6 Union Street, Rochester, Kent, ME1 1XZ
4 & 6 Union Street, Rochester, Kent, ME1 1XZ
Sold After

Currently let at £42,120 per annum plus two vacant flats

Estimated rental value £56520 per annum

A pair of substantial and attractive period properties arranged in total to provide eight residential units. Situated close to the centre of the historic town of Rochester and the mainline commuter railway station.

The property has been in the same ownership and management for many years. It is considered there may be opportunities to improve the existing rents being received.

4 Union Street

Flat 2

Ground Floor

Entrance hall, living room, kitchen bedroom with en-suite shower room and separate W.C.

Outside

Enclosed yard at rear.

Tenancy

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

Flat 3

First Floor

Inner hallway, kitchen, living room and bedroom with en-suite shower room and separate W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £500 per calendar month. This includes £40pcm for a car space on the adjoining property which is not included in the sale. Net rent is therfore £460pcm

Flat 4

Second Floor

Living room, kitchen, bedroom with en-suite shower room/W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at £640 per calendar month. This includes £40pcm for a car space on the adjoining property which is not included in the sale. Net rent is therfore £600pcm

Flat 1

Ground Floor

Bedroom and W.C.

Basement

Living/dining room, kitchen and shower room.

Tenancy

Vacant. Estimated rental value of £500 per calendar month.

6 Union Street

Flat

Ground Floor

Entrance hall, living room, bedroom, inner hallway, kitchen, utility room, bathroom with W.C.

Outside

Garden and yard to rear.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £725 per calendar month.

Flat

First Floor (Extending into 4 Union Street)

Living room, kitchen/dining room, bedroom, inner hallway, bathroom/W.C.

Tenancy

Vacant. Estimated rental value of £700 per calendar month.

Flat

Second Floor

Entrance hall, living room/kitchen, bedroom and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £575 per calendar month.

Basement Flat

Separate access, living room/bedroom, kitchen, shower room and separate W.C.

Tenancy

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

AUCTIONEERS NOTES - 29/05/2019

For both Flats 3 & 4, 4 Union Street, the rents shown on the Assured Shorthold Tenancy Agreements include £40pcm each for a car space on an adjoining property which is not included in the sale. The net rents after the sale for each flat will therefore be reduced accordingly.

It is understood that the Tenant at Flat 3, 6 Union Street has serve a notice to vacate and will be laeving on or befroe 15th June

There is a joint water supply to Flat 1 and the Basement Flat, 6 Union Street. The Freeholder currently pays the Water Charges for these two flats

Viewing

Strictly by prior confirmed appointment with the Auctioneer’s Office. Interested applicants are requested not to contact the tenants directly.

Freehold with Part Vacant Possession

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/