Lot 45

SUBSTANTIAL FREEHOLD PROPERTY ARRANGED AS SEVEN FLATS FOR INVESTMENT WITH BLOCK OF GARAGES AT REAR

26 Overcliffe, Gravesend, Kent, DA11 0EH
26 Overcliffe, Gravesend, Kent, DA11 0EH
Sold After

Currently let at £57,800 per annum (plus two vacant garages)

A very substantial semi-detached property situated conveniently for the town centre and the mainline commuter railway station and arranged as seven letting flats plus seven garages at the rear and having operated as a productive investment for the current owners for many years.

The property has potential for re-organisation of the accommodation to increase the size of some of the units and the seller has produced some initial plans to demonstrate these ideas.

There is a gas heating system via radiators serving all the of the flats and communal areas except Flat 6 which has its own heating system.

Ground Floor

Flat 1

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

Tenancy

Let on an Assured Shorthold Tenancy Agreement at £600 per calendar month.

Flat 2

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

Tenancy

Let on an Assured Shorthold Tenancy Agreement at £700 per calendar month.

Flat 3

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

Tenancy

Let on an Assured Shorthold Tenancy Agreement at £570 per calendar month.

Flat 4

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

Tenancy

Let on an Assured Shorthold Tenancy Agreement at £595 per calendar month.

First Floor

Flat 5

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

Tenancy

Let on an Assured Shorthold Tenancy Agreement at £550 per calendar month.

Flat 6

Entrance hall, large living room plus sun room, kitchen/dining room with further sun room.

Second Floor

Landing, two bedrooms and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at £850 per calendar month.

Flat 7

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

Tenancy

Let on an Assured Shorthold Tenancy Agreement at £725 per calendar month.

Outside

Driveway to the side of the property leading to the rear car parking area and a parade of seven garages.

Garages 1 & 6

Vacant.

Garage 3

Let at £50 per calendar month.

Garages 2 & 4

Let at £45 per calendar month.

Garages 5 & 7

Let at £43.33 per calendar month.

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/