Lot 149 Commercial And Residential Investment In Need Of Structural RepairAuction Date:
20th September 2023
15 Ingram Road, Gillingham, Kent, ME7 1SB
Currently let at £16,052 per annum
An end-terrace corner building situated in a predominantly residential location conveniently situated for the mainline commuter railway station and arranged to provide a ground floor (and basement) unit together with a self-contained maisonette situated on the first and second floors.
The property is now in need of improvement and repair works.
Shop
Ground Floor
Front retail area, inner hallway leading to kitchen and W.C., store room and rear retail area situated within the garage which has a roller-shutter door to the side road.
Tenancy
Let on a commercial lease for a term of six years from 1st May 2021 at a current rental of £7,200 per annum. There is a rent review in May 2024.
Flat
Ground Floor
Side entrance hall.
First Floor
Landing, living room to front and kitchen, bathroom with W.C.
Second Floor
Bedroom.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £8,852 per annum. We are advised that the current tenant has been in occupation for 19 years.
Council Tax Band 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
