Lot 78

SUBSTANTIAL PROPERTY ARRANGED AS THREE FLATS FOR INVESTMENT

11 Balmoral Road, Gillingham, Kent, ME7 4PY
Guide Price £280,000 – £285,000 * + Fees

Currently let at £18,954 per annum

Applicants may view the lot externally only

A large end-terrace property convenient for the town centre and the mainline commuter railway station. The building has extensive accommodation over three floors plus a large basement and is arranged to provide three flats, two of which are let on Assured Shorthold Tenancies. The ground floor and basement is let to a Protected Statutory tenant.

11A Balmoral Road

Ground Floor

Entrance hall, living room to front, bedroom, further sitting room/dining room, kitchen and bathroom with W.C.

Basement

Three large rooms.

Outside

Covered storage to rear.

Tenancy

Let to a Protected Statutory tenant at a fair rent of £404.50 per calendar month affective from 12th June 2019 and therefore now overdue for review.

11B Balmoral Road

First Floor

Entrance hall, large living room to front, bedroom, kitchen/breakfast room at rear, bathroom and separate W.C.

Tenancy

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

11C Balmoral Road

Top Floor

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

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £550 per calendar month.

11 Balmoral Road, Gillingham, 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/