Lot 38: A PAIR OF SUBSTANTIAL PERIOD PROPERTIES ARRANGED AS EIGHT FLATS FOR INVESTMENT

Sold After

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

Residential EPC: D