Investment for sale in Sittingbourne

AUCTION PROPERTY A freehold mixed use investment located in Sittingbourne town centre, close to local amenities, schools and mainline railway station.
The property comprises a newsagent/off licence with a large two-bedroom flat above which may have potential for sub-division, subject to all necessary consents being obtainable.



In addition there are two one-bedroom flats at 46a & 46b East Street and two further two-bedroom flats in Gilbert Court located to the rear of the building.

We have been informed Gilbert Court was built around 2015 and both flats are let to a company producing an income of 980 per calendar month per flat. The current owner has served notice to increase the rents for 1 & 2 Gilbert court along with 44a East Street by 50 per calendar month.

The residential parts are accessed at the rear (via Fairview Road) and there is pedestrian access off East Street at the front. There is a communal courtyard to the rear which provides off road parking and also provides access to a further block of flats and commercial units in East Street which are not included within the sale


44 East Street
Trading as East Street News.
Tenancy
Let under the terms of a 15 year commercial lease from 9th July 2014 to 8th July 2029, at a current rental of 925 per calendar month.
EPC Rating
To be confirmed.

44A East Street
Ground Floor
Private entrance.
First Floor
Landing, living room, kitchen, main bedroom with en-suite shower room and W.C. Second bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Periodic Tenancy at a current rental of 950 per calendar month. We understand a notice has been served for this to be increased to 1,000 per calendar month.
EPC Rating C
Council Tax Band A

46A East Street
Ground Floor
Private entrance.
First Floor
Landing, living room, kitchen, bedroom, office/study and bathroom with W.C.
Tenancy
Let under the terms of an Assured Periodic Tenancy at a current rental of 700 per calendar month.
EPC Rating D
Council Tax Band A



46B East Street
Ground Floor
Private entrance, entrance hall, kitchen, living room and bedroom with en-suite shower room and W.C. Further W.C.
Tenancy
Let under the terms of an Assured Periodic Tenancy at a current rental of 880 per calendar month.
EPC Rating C
Council Tax Band A

Gilbert Court
Ground Floor
Communal entrance.
Flat 1
Entrance hall, living room/kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let under the terms of a Assured Periodic Tenancy at a current rental of 980 per calendar month. We understand a notice has been served for this to be increased to 1,030 per calendar month.
EPC Rating
To be confirmed.
Council Tax Band B

First Floor
Flat 2
Entrance hall, living room/kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let under the terms of a Assured Periodic Tenancy at a current rental of 980 per calendar month. We understand a notice has been served for this to be increased to 1,030 per calendar month.
EPC Rating
To be confirmed.
Council Tax Band B

Outside
Communal parking.

Auctioneer's Note
The Auctioneers have been unable to inspect the flats at Gilbert Court, therefore, interested parties are advised to rely on their own investigations.



Local Planning Authority
Swale Borough Council. Tel: 01795 417850. Website: swale.gov.uk.

Viewing
External only.

Residential EPC: C

Commercial EPC: TBC

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 the 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 www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

*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 www.cliveemson.co.uk/buyers-fees/