For Sale By Auction | 19:00, 27 February 2020 | Lot 20

4 Ordnance Street, Chatham, Kent, ME4 6SL

*Guide | £90,000 (plus fees)

  • Convenience Store
  • Tenure: Leasehold. 125 Years from 3rd July 1984 thus 89 years remaining

Call the team on 01622 589 623 for more information

Auction Date

Thu 27/02/2020

Auction Time

19:00

Auction Venue

Mercure Maidstone Great Danes Hotel Ashford Road, Maidstone, ME17 1RE

Viewing Times:

Sat 22 Feb

12:00-12:30

INVESTMENT LOCK UP CONVIENENCE STORE (LONG LEASEHOLD) GENERATING £9,000p.a. WHICH IS A YEILD OF 10% IF PURCHASED AT GUIDE

Lock up retail unit with basement located in a prominent trading parade location with on street parking in a large residential area, close to Chatham train station. Investment opportunity producing £750 pcm (£9,000 pa). Lease 125 Years from 3rd July 1984 thus 89 years remaining

Tenure

Leasehold. 125 Years from 3rd July 1984 thus 89 years remaining

ACCOMMODATION

Well fitted commercial unit, trading as a convenience store, modern shopfront and roller shutters. Basement and storage area.

LOCATION

Chatham is one of the Medway towns located in North Kent, in South East England. Chatham train station is 34 miles (55.2 km) down the line from London Victoria and is situated between Rochester and Gillingham.

VIEWINGS

Strictly by appointment with the Auctioneer Tel: 01622 589 623

Energy Efficiency Rating (EPC)

Current Rating F

Local Authority

Medway Council

Additional Fees

Buyer's Premium - £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.