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Lot 112 Fifteen Letting Units For InvestmentAuction Date:
20th March 2024
194 Parrock Street, Gravesend, Kent, DA12 1EW
Currently let at £144,000 per annum
A substantial freehold detached property located a short walk from the centre of Gravesend with its various local and national retailers, schools, mainline railway station and further amenities. Close by the transport links include Gravesend railway station, the M20, M25 and A2 and Ebbsfleet International.
The property is currently arranged as 15 letting units, each let on an Assured Shorthold Tenancy Agreement at £800 per calendar month.
There is a car park and detached workshop to the rear of the property which may offer potential for alternative uses, subject to all necessary consents being obtainable.
Lower Ground Floor
Entrance hall and communal kitchen.
Unit 1
Bedroom with end-suite shower room and W.C.
Unit 2
Bedroom with end-suite shower room and W.C.
Unit 3
Bedroom with end-suite shower room and W.C.
Ground Floor
Unit 4
Bedroom with kitchen and end-suite shower room/W.C.
Unit 5
Bedroom with kitchen and shower room with W.C.
Unit 6
Bedroom with kitchen and end-suite shower room/W.C.
Unit 7
Bedroom with kitchen and shower room with W.C.
First Floor
Unit 8
Bedroom with kitchenette and shower room with W.C.
Unit 9
Bedroom with kitchenette and shower room with W.C.
Unit 10
Bedroom with kitchenette and shower room with W.C.
Unit 11
Bedroom with kitchenette and shower room with W.C.
Unit 12
Bedroom with kitchenette and shower room with W.C.
Unit 13
Bedroom with kitchen and shower room with W.C.
Second Floor
Unit 14
Bedroom with kitchen and shower room with W.C.
Unit 15
Bedroom with kitchen and shower room with W.C.
Outside
Rear detached workshop/garage.
Tenancies
Each flat is let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £800 per calendar month.
Local Planning Authority
Gravesham Borough Council. Tel: 01474 337391. Website: gravesham.gov.uk
Auctioneer's Note 1
At the time of publication, the Auctioneers have been unable to internally inspect the entirety of the property and the accommodation details have been provided by the Seller.
Auctioneer’s Note 2
We have been informed by the Seller all units have separate meters for electricity and water.
Auctioneer’s Note 3
Additional revenue is generated by the car parking spaces to the rear which are let. No formal agreements are in place. Three spaces let at £125 per calendar month with other spaces each being let at £30 per calendar month.
Council Tax Band H
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
