Lot 11 Commercial And Residential InvestmentAuction Date:
8th February 2023
85 Shakespeare Road, Gillingham, Kent, ME7 5QN
Currently let at £11,760 per annum
A corner property situated in a popular area of Upper Gillingham close to Medway Maritime Hospital.
Arranged to provide a ground floor retail shop with basement and yard together with a separate flat with entrance from Shakespeare Road at the front.
Ground Floor
Shop
Front retail area, office/store, kitchen and W.C.
Basement
Storage.
Outside
Yard at rear with access from Montgomery Road.
Tenancy
Currently let at £1,200 per quarter. Further information will be contained within the legal documentation which will be available to download from the Clive Emson website.
Ground Floor
Flat
Entrance hall to front.
First Floor
Living room, kitchen, bedroom and shower room with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £580 per calendar month.
Note - 24th January 2023
The Tenant of the Flat has given notice to vacate the Flat.
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
