The Maltings, Clifton Road, DA11

FOR SALE BY MODERN METHOD OF ONLINE AUCTION. LOW BUYERS FEES! Auction Date 3rd April 2025.
Achieving ?800pcm 179 YEAR LEASE. A potential Gross Yield of around 10%

FOR SALE BY MODERN METHOD OF AUCTION

Auction Guide* ?95,000 - ?100,000 + Fees**

VAT

The property is not elected for VAT

BIDDING

The Auction will take place online via our website www.sealeys.co.uk/auctions on Thursday 4th April 2025 from 12pm, BIDDING WILL CLOSE AT 2pm.In order for you to bid, you will be required to register your card for an 'auction entrance fee', this is made up of an 'administration fee'*** and a 'buyers security fee'. This will only be charged to the successful buyer. Please see the Buyers Guide and the Common Auction Conditions for more information. If you have any further questions please contact the agent, or seek legal advice.The required 'auction entrance fee' for this LOT is - ?5,000

LOCATION:

The Maltings is located in Gravesend town centre, along the road from the River Thames. A commuters dream, the flat is just a short walk to Gravesend Railway Station with excellent transport links to London (Gravesend to St Pancras around 23 minutes). Gravesend town centre has a large selection of shops, bars and restaurants and is perfect for those who want all the amenities on their doorstep.

DESCRIPTION:

This one-bedroom duplex style apartment is located on the top floor of a former brewery. Modern and comfortable throughout, the property puts open plan living at its core comprising lounge and kitchen areas, bedroom area and en-suite shower room. There is an allocated parking space on the complex for ease and fob entry to the communal areas for extra security.

TENANT IN SITU

Sold with the tenant in situ, achieving a rent of ?800 per calendar month. The property has been let and managed by Sealeys Walker Jarvis.

COMMUNAL ENTRANCE:

The property can be accessed from entrances on both West Street & Clifton Road. Stairs leading to the top floor. Carpeted floors leading to the front door of the duplex.

LOUNGE AREA:

Entrance door leading in to lounge area. Grey carpeted floor, entry phone hand set, storage heater, under stair storage cupboard.

KITCHEN AREA:

Modern white gloss floor and wall units providing plenty of storage space. Integrated oven, hob and extractor hood. Square edge worktop with matching splashback. White enamel sink and drainer. Grey tile effect laminate flooring. Plumbing for washing machine and space for fridge. uPVC Double glazed window to the rear.

STAIRS:

Carpeted stairs leading to first floor bedroom area.

BEDROOM AREA:

uPVC Double glazed window to rear, mezzanine floor, carpeted floors. Built in cupboard over the stairs housing hot water tank with immersion heater. Access to:

SHOWER ROOM:

White suite comprising shower cubicle, low level w.c, pedestal wash basin. Localised tiling, laminate flooring, fitted wall mirror, Dimplex wall heater, extractor fan.

PARKING:

There is a numbered allocated space in the complex.

TENURE:

Leasehold215 years from and including 25 March 1989. Ending 24 March 2204.179 years remaining.

SERVICE CHARGE & GROUND RENT

For the period 25th March 2025 - 24th September 2025 service charge - ?1,443.22.There is no ground rent payable.

LOCAL AUTHORITY:

Gravesham Borough Council Council Tax Band - B ?1701.71

UTILITIES:

Electricity, Mains Water, Mains Drainage.

BROADBAND/MOBILE NETWORKS:

BROADBAND NETWORK PROVIDERS: We understand that Openreach & EE provide Standard, Superfast and Ultrafast services.Phone: We understand EE, Three, O2 & Vodaphone provide limited indoor voice & data. All four services are also predicted to provide a good service outdoors including 5G.This information has been provided by Ofcom on 04/03/2025

GUIDE PRICE*

Where a guide price (or range of prices) is published, that guide is the sellers minimum expectation at the date of publication. 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 register your interest or keep an eye on our website for any amendments to this.

FEES**

In addition to the bid price, you may be responsible for administration fees, other non-optional fees, and potentially the repayment of search and other costs. All lots are subject to the Common Auction Conditions and applicable Special Conditions of Sale.Before bidding, carefully review all available legal documentation to understand your potential liabilities. This includes potential costs such as Stamp Duty, Land Registry fees, and VAT, which may be applicable upon completion.If you have any doubts, please consult with your own professional advisors.