Lot 100

PERIOD FREEHOLD INVESTMENT OF EIGHT FLATS

College House, 11 Ospringe Street, Faversham, Kent, ME13 8TJ
Sold £955,000

On instructions of the Trustees

Currently let at £61,980 per annum

The main building, known as College House, is an attractive Grade II Listed property arranged as six flats with Flats 7 and 8 being contained in a separate adjacent building. Flats 4 and 8 each have their own separate garden while the remaining flats have a communal garden located to the rear of the property.

The loft area may offer potential to create a further flat, subject to all necessary consents being obtainable.

Local Planning Authority

Swale Borough Council. Tel: 01795 417850. Website: swale.gov.uk

Main House

Ground Floor

Communal entrance hall.

Flat 2

Entrance hall, living room, kitchen, two bedrooms and bathroom/W.C.

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £650 per calendar month.

Flat 3

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

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £590 per calendar month.

First Floor

Communal landing with access to loft area via stairs.

Flat 5

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

Tenancy

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

Flat 6

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

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £675 per calendar month.

Flat 1 (Ground Floor - Right Hand Single Storey)

Separate entrance to the side, living room, kitchen, bedroom and bathroom.

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £560 per calendar month.

Flat 4 (Ground Floor - Left Hand Single Storey)

Entrance hall, living room, kitchen, inner hall, three bedrooms and shower room/W.C.

Outside

Own rear garden.

Tenancy

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

Loft Area

Three windows to front and one window to rear.

Separate Building

Flat 7

Entrance hall, living room with open arch to kitchen, bedroom and shower room/W.C.

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £590 per calendar month.

Flat 8

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

Outside

Own garden.

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £650 per calendar month.

Outside

Communal rear garden and parking for several cars, including car port (shaded red on location plan).

Auctioneer's Note

Prospective purchasers are requested not to contact the tenants direct.

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/