Lot 26

SUBSTANTIAL TOWN CENTRE PROPERTY COMPRISING A PAIR OF TWO BEDROOM FLATS AND PLANNING FOR FURTHER CONVERSION

63 High Street, Chatham, Kent, ME4 4EE
Sold £307,000

Currently let at £18,300 per annum

A substantial four storey property located close to the town centre and convenient for the mainline commuter railway station.

The premises is currently arranged as a pair of two bedroom flats on the upper floors with Planning Consent and Building Regulation Approval for conversion of the ground floor and the lower ground floor for a commercial unit with offices and stores on the lower ground floor, together with a self-contained studio residential unit incorporating independently owned side access to the rear of number 61.

Existing Accommodation

First Floor Flat

Entrance hall, kitchen/living room to the front, main bedroom with en-suite shower/W.C at the rear, bedroom two and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £750 per calendar month.

Second Floor Flat

Entrance hall, kitchen/living room to the front, two bedrooms and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £775 per calendar month.

Planning

Planning Permission has been granted by Medway Council under ref: MC/20/0716, dated 29th May 2020, for change of use of an existing disused public house into a studio flat accessed from the rear, with a commercial unit accessed from the existing shop front on the ground floor, together with office accommodation and storage on the lower ground floor. STG Building Control ref: 2088/21/IN, dated 13th April 2021.

A copy of the Planning Consent and proposed plans are available to download from the Clive Emson website.

Proposed Accommodation

Upper Ground Floor

Open plan studio flat with kitchen/living/bedroom and separate shower room/W.C.

Ground Floor

Commercial unit to the front with stairs leading to the lower ground floor.

Lower Ground Floor

Office accommodation with shower room/W.C. and storage at the rear.

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/