Lot 68 Entire Freehold Building Of Six Flats All Let On Assured Shorthold TenanciesAuction Date:
18th September 2024
Flats 1-6, James's Court, Laburnum Grove, Northfleet, Gravesend, Kent, DA11 9RA
Approximate rental income £73,000 per annum
A purpose-built block of six flats, each let on an Assured Shorthold Tenancy Agreement.
The building is located within easy reach of Gravesend town centre, with its various local and national retailers, the mainline railway station, schools and further amenities.
It is considered this substantial investment would suit investors and buy-to-let purchasers looking to add to their existing portfolio. We understand from the Seller the building has been continually let and occupied since 2007.
Accommodation
The flats are arranged over three floors, with a one-bedroom and two-bedroom flat on each level, with the same orientation. Each flat has allocated parking in the secure gated parking area at the main entrance. We understand from the Seller that the flats have gas heating and double glazed windows.
Flats 1, 3 & 5
Each flat has one bedroom with built-in wardrobe, en-suite bathroom and W.C. Additional visitors’ W.C., living/kitchen area with fully fitted kitchen and all integrated white goods.
Each Flat Council Tax Band B
Flats 2, 4 & 6
Each flat has two bedrooms, en-suite bathroom/W.C, built-in wardrobes to master bedroom, second bedroom with en-suite shower room and W.C and built-in wardrobe, living/kitchen area with fully fitted kitchens and all integrated white goods. Visitors’ W.C.
Each Flat Council Tax Band C
Auctioneer’s Note
No viewings will be allowed due to the existing tenants in occupation. Interested parties are requested not to make contact with the tenants direct.
Tenancies
Each flat is let on an Assured Shorthold Tenancy, as detailed in the Table opposite.
Tenure
Freehold, subject to the existing tenancies.
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
