Lot 43

INVESTMENT OPPORTUNITY - 18 LETTING UNITS PROVIDING GOOD RENTAL INCOME

94 London Road, Sittingbourne, Kent, ME10 1NS
Guide Price £500,000 – £525,000 * + Fees

Currently let at £79,267.92 per annum

Applicants may view the lot externally only

A substantial freehold property situated on London Road with good access to Sittingbourne town centre, mainline railway station and the M2. The property which was originally a hotel is now arranged as 14 individual letting rooms with a coach house to the rear providing four further letting units.

The property is in need of improvement and there may be potential for further development to the rear of the building.

The building was previously granted planning permission for the change of use to a bed and breakfast.

Ground Floor

Entrance hall, two W.C.s, shower room with W.C., lean to conservatory.

Room A

Bedroom, kitchen, shower room/W.C.

Rooms B & C Each:

Room with kitchenette.

Room N

Room and kitchen.

First Floor

Landing, bathroom with W.C. and separate W.C.

Rooms

D, E, F, G, H & I Each:

Room with kitchenette.

Second Floor

Landing, bathroom with W.C. and separate W.C.

Rooms

J, K, L & M Each:

Room with kitchenette.

Coach House

Unit 1, 2 & 4 Each:

Room with kitchenette, shower room/W.C.

Unit 3

Ground Floor

Living room, kitchen, bathroom with W.C.

First Floor

Two bedrooms.

Outside

Parking for multiple cars.

Local Planning Authority

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

Planning

Planning Permission was granted by Swale Borough Council (now lapsed) under reference: 16/508619, dated 28th February 2017, for change of use from 19 room house of multiple occupancy to a 19 unit bed and breakfast accommodation, subject to conditions.

A copy of the Planning Consent and proposed plans will be available to download from the Clive Emson website or the Local Planning Authority website.

Auctioneer’s Note

The auctioneer has been informed that footings are in place for an additional two letting units

94 London Road, Sittingbourne, Kent
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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/