A One Bedroom First Floor Flat

The property comprises a first floor one bedroom flat situated within a mixed use building arranged over ground and first floors. Auction House London has not inspected the property but we understand that the flat is in a state of disrepair and requires a program of refurbishment.

Tenure

Leasehold. The property is held on a 199 year lease from 10th February 2005 (thus approximately 185 years unexpired).

By Order of the Mortgagees Not in Possession

Location

The property is situated on the south side of High Street at its junction with Church Street in a central location with easy access to the shops and restaurants of High Street. Transport links are provided by Chatham rail station.

Accommodation

First Floor Reception Room Bedroom Kitchen Bathroom with WC and wash basin

Tenancy

The LHA rates for a 1 bedroom property in this postcode is £110.67 per week. Thus potential income of £5,751.20 per annum (source: https://lha-direct.voa.gov.uk).

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

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