Lot 46

SUBSTANTIAL MIXED USE BLOCK ON LARGE PLOT WITH DEVELOPMENT POTENTIAL

The Old Squash Courts, Lower Road, Teynham, Sittingbourne, Kent, ME9 9EQ
The Old Squash Courts, Lower Road, Teynham, Sittingbourne, Kent, ME9 9EQ
Sold £710,000

Currently let at £39,600 per annum

Estimated rental £44,600 per annum

Located in the village of Teynham, which lies between the towns of Sittingbourne and Faversham, is this large freehold block comprising a mixture of residential and commercial space.

The property is arranged as five flats, an office, storage cupboards and a large workshop which has potential for conversion to provide two additional flats.

The building sits on a large plot which may have development potential, subject to all necessary consents being obtainable.

Local Planning Authority

Swale Borough Council. Tel: 01795 47850. Website: swale.gov.uk.

Ground Floor

Units 1 & 2 (Vacant)

Open plan workspace with vehicular access.

Flat 3

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

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £675 per calendar month.

Unit 9

Store room.

Tenancy

Let on a verbal agreement at a current rental of £60 per calendar month.

First Floor

Flat 4

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

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £625 per calendar month.

Flat 5

Living room/kitchen, two bedrooms and bathroom/W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £625 per calendar month.

Flat 6

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

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £640 per calendar month.

Flat 7

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

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £675 per calendar month.

Unit 8 - Office (Vacant)

Former office arranged as living accommodation:- Living room/kitchen, two bedrooms and bathroom with W.C.

Unit 9

Store room.

Tenancy

Let at a current rental of £720 per annum.

Auctioneer's Note

At the time of publication the Auctioneer has been unable to internally inspect all of the building. Interested applicants are advised to rely on their own investigations.

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/