2 Bedrooms Block of flats for sale in 53 & 55 Ordnance Street, Chatham, Kent ME4 | £ 500,000
Overview
| Price: | £ 500,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Block of flats |
| County: | Kent |
| Town: | Chatham |
| Postcode: | ME4 |
| Address: | 53 & 55 Ordnance Street, Chatham, Kent ME4 |
| Bathrooms: | 0 |
| Bedrooms: | 2 |
Property Description
A substantial block of unbroken freehold properties situated in an established residential area on a corner plot with a return frontage to New Street and close to the mainline commuter railway station and the town centre.
The buildings are arranged to provide a ground floor commercial/retail unit currently trading as a local convenience store, a pair of one bedroom flats above together with an adjoining mid-terrace house. At the rear of the premises, and with access to New Street on the return frontage, are three lock-up garages together with three car parking spaces.
55 Ordnance Street
Tenancy
Let under the terms of a 15 year commercial lease at a current rental of £1,000 per calendar month with fixed rent reviews to £1,200 per calendar month, £1,400 per calendar month and £1,600 per calendar month with further rent reviews in the fifth and tenth years from the commencement date.
55A Ordnance Street
Self-contained flat.
First Floor
Living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £575 per calendar month.
55B Ordnance Street
Self-contained flat.
First Floor
Living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £575 per calendar month.
53 Ordnance Street
Ground Floor
Living/dining room, kitchen and bathroom with W.C.
First Floor
Two bedrooms and bathroom with W.C.
Outside
Garden to rear.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £750 per calendar month.
Planning
Planning Permission has been granted by Medway Council under ref: MC/18/2101, dated 5th September 2018 for the construction of a block of three garages to replace the existing units.
A copy of the Planning Consent and proposed plans will be available to download from the Clive Emson website, the Local Planning Authority website or inspection at the Auctioneer’s Office.
Auctioneer’s Note
It is considered there may be potential for replacement of the existing garages with an alternative scheme of residential units, subject to all necessary consents being obtainable.
Residential EPC: D
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 , or contact us on , 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
Property Location
Property Marketed by Clive Emson Auctioneers
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