Lot 66 - RESIDENTIAL INVESTMENT PRODUCING GOOD INCOME

Guide Price £250,000+ * + Fees

Currently let at £35,580 per annum

Applicants may view the lot externally only

01622 608400
Jon Rimmer

Online Bidding

Legal Documentation

A four-storey end-terrace property located on the A2 (Chatham Hill), close to Medway Maritime hospital and within easy access of Chatham town centre and Gillingham town centre. The building, which is in need of improvement, is arranged as five letting units each with their own kitchen and shower room/W.C. The property has double-glazed windows, electric heating and all flats are metered separately.

Basement

Flat 5

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

Tenancy

Let on an Assured Shorthold Agreement at a current rental of £593 per calendar month.

Ground Floor

Communal entrance to front.

Room 1

Bedroom/living room, kitchen and shower room with W.C.

Tenancy

Let on an Assured Shorthold Agreement at a current rental of £593 per calendar month.

Room 2

Bedroom/living room, kitchen and shower room with W.C.

Tenancy

Let on an Assured Shorthold Agreement at a current rental of £593 per calendar month.

First Floor

Room 3

Bedroom/living room/kitchen and shower room with W.C.

Tenancy

Let on an Assured Shorthold Agreement at a current rental of £593 per calendar month.

Room 4

First Floor

Kitchen and shower room with W.C.

Second Floor

Bedroom/living room.

Tenancy

Let on an Assured Shorthold Agreement at a current rental of £593 per calendar month.

Outside

Garden to rear and garage.

Auctioneer's Note

At the time of publication the Auctioneers have been unable to access all of the property. Interested parties are advised to rely on their own investigations.

Each Room Council Tax Band A

110 Chatham Hill, 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/