Lot 114

FREEHOLD COMMERCIAL BLOCK FOR INVESTMENT

56 High Street, Gillingham, Kent, ME7 1AY
56 High Street, Gillingham, Kent, ME7 1AY
Sold £215,000

Currently let at £17,400 per annum

A freehold commercial block split into three commercial units which are all let and providing a good rental income. The substantial building occupies a High Street location close to nationwide retailers and Gillingham's mainline railway station.

The Pet Shop

Ground Floor

Shop floor, stock room, kitchenette, W.C. and office.

Tenancy

Let on a commercial lease for a term of three months from 3 April 2012 at a current rental of £6,000 per annum.

Unit 2

Shop floor, kitchen and W.C.

Tenancy

Let on a commercial lease for a term of 12 months from 1 February 2017 at a current rental of £5,400 per annum.

First and Second Floors

Let to Specsavers, with ground floor access via rear.

First Floor

Landing, two W.C.s, kitchen and workroom.

Second Floor

Office and further room.

Tenancy

Let on a commercial lease for a term of 10 years from 1 March 2016 at a current rental of £6,000 per annum, with rent reviews after five years.

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/