Lot 123 - FREEHOLD RESIDENTIAL INVESTMENT - FOUR-BEDROOM HOUSE AND TWO STUDIOS

Guide Price £340,000+ * + Fees

Currently let at £32,400 per annum

Applicants may view the lot externally only

01622 608400
Jon Rimmer

Online Bidding

Legal Documentation

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An end-terrace property, which has been in the same family ownership for some time, arranged as a four-bedroom house and two self-contained studio flats. The investment is well located for the Medway Maritime Hospital, fully let and each unit is in a fair order with a private entrance.

The property has planning for a two storey extension to increase the floor space and there may be potential for the main dwelling to be used as a House of Multiple Occupation, subject to all necessary consents being obtainable.

37 Cobden Road

Ground Floor

Entrance hall, bedroom, living room, dining room, kitchen and bathroom with W.C.

First Floor

Three bedrooms.

Second Floor

Bedroom/loft room.

Council Tax Band B

Tenancy

Let under the terms of an Assured Shorthold Tenancy at a current rental of £1,400 per calendar month.

37A Cobden Road

Basement

Kitchen/bedroom, living room and shower room with separate W.C.

Council Tax Band A

Tenancy

Let under the terms of an Assured Shorthold Tenancy at a current rental of £700 per calendar month.

37B Cobden Road

Ground Floor

Private access via rear, living room/bedroom, kitchen and shower room with W.C.

Tenancy

Let under the terms of an Assured Shorthold Tenancy at a current rental of £600 per calendar month.

Council Tax Band A

Planning

Planning permission has been granted by Medway Borough Council under ref: MC/22/2740, dated 10th January 2023, for construction of a two storey extension to rear, subject to conditions.

A copy of the Planning Permission and accompanying documents may be downloaded from the Local Planning Authority website, medway.gov.uk. Tel: 01634 331700.

Viewing

External only.

37 Cobden Road, Chatham, Kent

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 cliveemson.co.uk/buyers-fees/