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Being sold via Secure Sale online bidding Terms & Conditions apply. Starting Bid £425,000
Kent Residential are pleased to announce a block of five apartments situated in the heart of Maidstone Town Centre.
A rare opportunity for five self contained apartments with tenants in situ have become available.
The Interior.
A selection of five self contained one bedroom apartments offering space for all things you need to live comfortably. Each apartment has a lounge, kitchen with a range of wall and base units including white goods, spacious double bedroom and bathroom with shower attachment to bath.
Location.
High Street is located in Maidstone town centre where you will find two main shopping centres, The Mall and Fremlin Walk. Other developments include the riverside Lockmeadow Centre, which includes a multiplex cinema, bowling alley and restaurant as well as the town s market. The town centre includes a number of pubs, clubs and restaurants. Local train services in Maidstone are operated by Southern Eastern Rail. Maidstone East, West and Barracks are all within walking distance. The Maidstone East line runs between Ashford to London Victoria. Maidstone West has four High Speed Rail Links between Maidstone West and St Pancras via Strood and Gravesend.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as The Auctioneer .
This auction lot is being sold either under conditional Modern or unconditional Traditional auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non refundable reservation fee of up to 6% inc VAT subject to a minimum of 6,000 inc VAT is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
Additional Information.
Annual Return £44,940, providing a return yield of 8.6%
Leasehold.
Lease 125 year lease from 1998. Approx. 98 Years Remaining
Ground Rent Peppercorn.
Council Tax B Maidstone Council
EPC D E
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Message agent
Available
For Sale
5 beds
Not Specified
95 days on market
