Lot 65 Town Centre Residential Investment With Commercial Ground RentAuction Date:
8th February 2023
139 High Street, Rochester, Kent, ME1 1EW
Currently let at £13,800 per annum plus Vacant Flat 1
A large property situated in the town centre of historic Rochester, conveniently located for the mainline commuter railway station, and arranged to provide a ground floor shop unit (sold on a long-term ground lease) together with three flats on the upper floors with separate access from the front (High Street) and now in need of some improvement with potential for re-modelling.
There is a landlord storeroom situated at the rear of the first floor at mezzanine level.
Flat 1 - First Floor
Entrance hall, living room/bedroom to front, kitchen at rear and bathroom with W.C.
Tenancy
Currently vacant.
Council Tax Band B
Flat 2 - Second Floor
Entrance hall, living room/bedroom to front, kitchen at rear and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £560 per calendar month.
Council Tax Band B
Flat 3 - Top Floor
Entrance hall, living room/kitchen, bedroom at rear and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £590 per calendar month.
Council Tax Band B
Ground Floor Shop
Remainder of a 125-year lease from 17th September 1997 at a ground rental of £50 per annum.
Freehold with Part Vacant Possession
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
