Lot 117 Freehold Block Of Seven Flats Close To Railway StationAuction Date:
1st May 2024
Flats 1-7, 12 Ordnance Terrace, Chatham, Kent, ME4 6PT
Currently let at £46,680 per annum
A freehold part original/extended block of seven flats located on a corner position opposite Chatham’s mainline railway station. This historic building underwent a full refurbishment and modernisation in the 1990s to create seven self-contained dwellings and is found in fair order with all flats having their own separate meters.
All the flats are tenanted and it is understood there may be potential to increase the rental income. The building is located at the end of an attractive terrace with Chatham’s mainline railway station providing direct links to London and close by is Chatham’s town centre providing local amenities.
Lower Ground Floor
Flat 1
Private entrance to front, entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Outside
Small yard to front.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £500 per calendar month.
Ground Floor
Flat 2
Private entrance, entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £575 per calendar month.
Flat 3
Private entrance to rear, entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £570 per calendar month.
Ground Floor
Side Entrance to flats 4,5,6 and 7.
First Floor
Flat 4
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £575 per calendar month.
Flat 5
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £550 per calendar month.
Second Floor
Flat 6
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £595 per calendar month.
Flat 7
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £525 per calendar month.
Each Flat Council Tax Band A
Outside
Communal carpark to rear.
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
