Lot 82 Residential Investment For Refurbishment And RepairAuction Date:
4th May 2023
139-141 Upper Stone Street, Maidstone, Kent, ME15 6HJ
Currently let at £31,800 per annum
A large period property situated close to the centre of the County Town of Maidstone and divided to provide five self-contained flats.
The building is now in need of refurbishment and improvement. Each flat has its own access and are separately metered.
Ground Floor
Studio One
Living room/bedroom, kitchen and shower room with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £450 per calendar month.
Studio Two
Living room/bedroom, kitchen and shower room with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £500 per calendar month.
Flat 3 - Rear
Entrance hall, living room/bedroom, kitchen and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £550 per calendar month.
First Floor
Flat 1 - Rear
Entrance hall, living room/bedroom, kitchen and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £500 per calendar month.
Flat 2 - Front
Living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £650 per calendar month.
Auctioneer's Note
The seller has received correspondence from Maidstone Borough Council who have indicated repair and improvement works are required to this Listed building. Copies of the correspondence are available to download from the Clive Emson website.
Council Tax Band for each flat - A
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
