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Lot 60 Freehold Block Of Six Flats For InvestmentAuction Date:
12th June 2024
176 & 176A Luton Road, Chatham, Kent, ME4 5BP
Currently let at £45,240 per annum
A purpose built block of six one-bedroom flats, all let on Assured Shorthold Tenancy Agreements with private car parking to the rear.
The block is located close to Chatham town centre, with its various local and national retailers, the mainline railway station, schools and further amenities.
Lower Ground Floor
Flat 1
Open plan kitchen and living room, bedroom and shower with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £595 per calendar month.
Flat 2
Open plan kitchen and living room, bedroom and shower with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £625 per calendar month.
Ground Floor
Flat 3
Open plan kitchen and living room, bedroom and shower with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £650 per calendar month.
Flat 4
Open plan kitchen and living room, bedroom and shower with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £650 per calendar month.
First Floor
Flat 5
Open plan kitchen and living room, bedroom and shower with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £625 per calendar month.
Flat 6
Open plan kitchen and living room, bedroom and shower with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £625 per calendar month.
Outside
Private car parking to the rear.
Each Flat is Council Tax Band A
Viewing
There will not be internal viewings of the property, however, video tours will be made available for all flats, apart from Flat 1.
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
