Lot 99 Vacant Top Floor FlatAuction Date:
12th June 2025
43 Edward Court, Capstone Road, Chatham, Kent, ME5 7TY
A vacant one-bedroom flat situated on the top floor of this purpose built block, located a short distance from Capstone Country Park and the Medway Maritime Hospital. The flat is a good size and was most recently let at £9,800 per annum but could now do with some improving and, once improved, there may be potential to re-let at a higher figure.
The current owner has extended the original lease for a further 90 years which will now run until the 24th March 2180.
Ground Floor
Communal entrance.
Second Floor - Flat 43
Entrance hall, kitchen, living room, bedroom and bathroom with W.C.
Outside
Communal parking to rear.
Tenure
The remainder of a lease which expires on the 24th March 2180 with a peppercorn ground rent.
EPC Rating C
Council Tax Band B
Auctioneer's Note
In addition to the sale and upon completion the seller will transfer their share of the management company to the buyer.
Leasehold with Vacant Possession
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
