Lot 15

SUBSTANTIAL RETAIL, OFFICE AND CLINIC PREMISES WITH POTENTIAL FOR CONVERSION

119 Watling Street, Gillingham, Kent, ME7 2YX
119 Watling Street, Gillingham, Kent, ME7 2YX
Sold £370,000

A substantial and extended two storey property situated in a busy retail parade servicing the residential areas of Darland and Upper Gillingham and providing extensive accommodation.

The retail unit on the ground floor front is currently rented at £800 per calendar month. The separate ground floor unit at the rear, with access from Derby Road, is let at £800 per calendar month and currently operates as a physiotherapy clinic.

The entire first floor is arranged as office accommodation with separate ground floor access to the front and is offered with vacant possession.

It is considered there is potential for conversion of the upper parts and perhaps the rear unit to residential accommodation in the future, subject to all necessary consents being obtainable.

Local Planning Authority

Medway Council. Tel: 01634 331700. Website: medway.gov.uk.

Shop

Ground Floor

Tenancy

Let at a current rent of £800 per calendar month trading as Sew 'n' Sew.

Rear Unit

Ground Floor

Let at a current rent of £800 per calendar month and operating as The Physiotherapy Centre.

Offices

Ground Floor

Separate front entrance hall.

First Floor

Landing. Middle office, kitchen, rear hall, two separate W.C.s. Rear annex with meeting room, office and store and rear landing leading to fire escape.

Outside

Car parking at rear with access from Derby Road.

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/