Lot 78 Excellent Commercial And Residential Investment Close To Town CentreAuction Date:
18th September 2025
156-158 High Street, Rainham, Gillingham, Kent, ME8 8AR
Currently let at £59,980 per annum (increasing to £60,980 per annum in March 2026)
Key Features
An excellent freehold commercial and residential investment, having been in the same ownership for over 60 years and situated at the eastern end of Rainham High Street less than half a mile from the main commuter railway station.
The property is arranged to provide two ground floor commercial units (one double unit and one single unit) together with three self-contained two-bedroom flats on the first floor and yard area to the rear. There is also a separate vehicular access from the High Street leading to a block of three lock-up garages, each currently let with one of the three flats.
156A-B High Street
Ground Floor
A double commercial unit extending to approximately 1,000 sq.ft (93 sq.m) gross internal, including office, kitchen and W.C. facilities. There is a rear garage/store.
Tenancy
Let under the terms of a commercial lease for a term of 10 years from 12th February 2018 at a current rental of £16,000 per annum on a fully repairing and insuring basis. Currently trading as Town & Country Cars (Kent) Ltd.
EPC Rating
C (73). Total Floor Area 122 sq.m.
156C High Street
Ground Floor
Retail unit extending to approximately 467 sq.ft (43.4 sq.m) gross internal including kitchen and W.C.s.
Tenancy
Let under the terms of a commercial lease for a term of five years, from 22nd March 2024, at an initial rent of £9,000 per annum increasing to £10,00 per annum from 22nd March 2026 on a fully repairing and insuring basis. Currently trading as Sinner's Barbers Ltd Sudbury.
EPC Rating
D (85). Total Floor Area 45 sq.m.
158A High Street
First Floor Flat
Entrance hall, first floor landing, living room, kitchen, two bedrooms and bathroom.
Outside
Garage at rear.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £850 per calendar month.
EPC Rating D
Council Tax Band A
158B High Street
First Floor Flat
Entrance hall, first floor landing, living room, kitchen, two bedrooms and bathroom.
Outside
Garage at rear.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £1,050 per calendar month.
EPC Rating C
Council Tax Band A
158C High Street
First Floor Flat
Entrance hall, first floor landing, living room, kitchen, two bedrooms and bathroom.
Outside
Garage at rear.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £1,015 per calendar month.
EPC Rating D
Council Tax Band A
Further Information
John Stockey/Jon Rimmer
on 01622 608400
Viewings
- Tue 2nd September
09:00 - Tue 9th September
09:00 - Tue 16th September
09:00
The viewing times for the lot are listed below, please make sure you book into the viewing either through the website or phoning 0345 8500333, as on occasions viewing times change or may be cancelled.
Book a new viewing or cancel an existing viewing for this property before 5pm the day before.
Legal Documents
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- Office Copy Entries
- Lease(s)
- Tenancy Agreement(s)
- EPC
- Gas Safety Certificate
- Other Documentation
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Local Information
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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
