Lot 76 Freehold Mixed Use InvestmentAuction Date:
18th September 2024
109 St. Mary's Road, Faversham, Kent, ME13 8EE
Currently let at £33,780 per annum, plus vacant flat
A mixed use building situated on the corner of St Mary’s Road and Chapel Street in Faversham's town centre. The investment, which has been in the same family ownership for around 40 years, offers a good rental income and is adjacent to Faversham's mainline railway station and short distance from the local amenities.
The property is arranged as a ground floor shop currently trading as a barbers with four studio flats together with a self-contained one-bedroom flat with its own private entrance.
Ground Floor
Railway Cutting Barbers
Shop floor, kitchen area and shower room with W.C.
Cellar
Tenancy
Let on a five-year Agreement dated 1st April 2014 at a current rental of £435 per calendar month with annual rent reviews.
Residential
Ground Floor
Flat 1
Private entrance, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Currently let at £745 per calendar month, which includes gas and electric.
Flat 4
Living/bedroom, kitchen and bathroom with W.C.
Tenancy
Currently let at £510 per calendar month, which includes gas and electric.
First Floor
Flat 2
Living/bedroom, kitchen and bathroom room with W.C.
Tenancy
Currently let at £585 per calendar month.
Flat 3
Entrance hall, living/bedroom, kitchen and bathroom with W.C.
Tenancy
Currently vacant.
Flat 5
Entrance hall, kitchen, living/bedroom and bathroom with W.C.
Tenancy
Currently let at £540 per calendar month, which includes gas and electric.
Each Flat is Council Tax Band A
Viewing
External only.
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
