Lot 141 Freehold Block Of Flats For InvestmentAuction Date:
18th September 2024
1-6 Lawson Court, King Edward Road, Gillingham, Kent, ME7 2PF
Currently let at £22,600 per annum
Estimated rental value £29,100 per annum
A freehold block of six self-contained flats, three of which have been sold on leases and the remaining three are currently let on Assured Shorthold Tenancy Agreements. There is also parking to the rear of the property off Marble Close. The property is located within easy reach of various local amenities and transport links.
Flat 1
Tenure
Sold on a 99-year lease from 29th September 1990 at a current ground rent of £100 per annum.
Flat 2
Ground Floor
Kitchen and living room.
First Floor
Shower room with W.C. and bedroom.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £625 per calendar month.
Flat 3
Ground Floor
Kitchen and living room.
First Floor
Shower room with W.C. and bedroom.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £700 per calendar month.
Flat 4
Tenure
Sold on a lease from 20th December 2018 to 24th March 2143 at a current ground rental of £200 per annum.
Flat 5
Tenure
Sold on a 189-year lease from September 1990 to July 2179 at a current rental of £100 per annum.
Flat 6
First Floor
Bathroom with W.C., open plan kitchen and bedroom.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £525 per calendar month.
All Flats Are Council Tax Band A
There is an addendum available to be read
in conjunction with the legal documentation.
Joint Agents
Wright & Co
01634 578484
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
