Lot 94 Freehold Mixed Use Investment - Shop And Three FlatsAuction Date:
11th February 2026
37 Preston Street, Faversham, Kent, ME13 8PE
On the instructions of Trustees in Bankruptcy
Currently let at £21,600 per annum - Plus two vacant flats
Key Features
A three storey end-terrace period property located in Faversham town centre, close to local amenities and its mainline railway station. The building is arranged as a ground floor commercial unit with three self-contained one bedroom flats with parking to the rear.
The retail unit is let on a 10-year Commercial Lease which expires in September 2027 and two out of the three self-contained flats are currently vacant.
Commercial
The Creekers Tap
Bar area with seating, rear seating area and Ladies/Gents W.C.
Basement
Beer store
Tenancy
Let under the terms of a 10-year Commercial Lease expiring on 10th September 2027 at a current rental of £12,000 per annum. An upwards only RPI linked rent review was due on 1st December 2025 which the Auctioneers understand was not implemented.
EPC Rating
A (25). Total Floor Area 77 sq.m.
Residential
Ground Floor
Communal entrance
First Floor
Flat B
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Currently vacant.
Flat C
Living room, kitchen, bedroom and shower room with W.C.
Tenancy
Currently vacant.
Second Floor
Flat A
Accommodation
Living room, kitchen, two-bedrooms and bathroom with W.C.
Tenancy
Let under the terms of a Assured Shorthold Tenancy at a current rental of £800 per calendar month. We understand the Tenancy Agreement expired in July 2024 and the current tenant is holding over.
All Flats EPC Rating E
All Flats Council Tax Band A
Outside
Parking spaces to rear.
Auctioneers Note
It will only be possible to view the two vacant flats.
Freehold with Part Vacant Possession
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
