COVID-19 – Important Auction Information
For Sale By Auction | 12:00, 25 May 2022 | Lot 7

3 Mill Road, Rochester, Kent ME2 3BS

Sold £250,000

  • Terraced House
  • 3 Bedrooms
  • Tenure: Freehold

Call the team on 01702 33 33 99 for more information

Auction Date

Wed 25/05/2022

Auction Time

12:00

Auction Venue

LIVE STREAM, www.AuctionHouse.Online

Viewing Times:

Fri 20 May

11:00-11:30

A FREEHOLD THREE BEDROOM TERRACE HOUSE CURRENTLY LET WITH A RENT PAYABLE OF £1,000 pcm THUS PRODUCING £12,000 PER ANNUM WHICH WOULD DELIVER A YIELD OF 5.2% IF PURCHASED AT GUIDE.

A freehold three bedroom terrace house let on a 24 Month Assured Short-Hold Tenancy Agreement from 03/12/2016, thus rolling over, currently producing £1,000 per calendar month. The landlord confirms no arrears or late payments and the tenant would like to remain long term.

Tenure

Freehold

ACCOMMODATION

GROUND FLOOR Entrance Hall Living Room: 24'10" x 13'5" (7.58m x4.09m) Kitchen: 12'1" x 9'10" (3.68m x 2.99m) Bathroom: FIRST FLOOR Bedroom 1: 13'10" x 10'6" (4.23m x 3.20m) Bedroom 2: 11'2" x 10'10" (3.42m x 3.30m) Bedroom 3: 8'10" x 7'11" (2.68m x 2.40m)

EXTERIOR

The property benefits from a small front garden that is primarily concrete based with steps leading up to the front door and part flower beds. There is a good sized rear garden and the property benefits from double glazed windows throughout.

LOCATION

Strood is a town in the unitary authority of Medway in Kent, It lies on the northwest bank of the River Medway at its lowest bridging point, and is part of the Rochester post town. The property is within walking distance of the town centre and less then a mile from Strood train station.

VIEWING

Strictly by appointment with the Auctioneer Tel: 01622 589 623

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Medway Council

Additional Fees

Buyer's Premium - 1.2% inc VAT of the purchase price, subject to a minimum of £1800 inc VAT, payable on exchange of contracts.

Administration Charge - 0.6% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.