Property for sale in Watling Street, Gillingham, Kent ME7

For sale by modern method of auction.

Starting bid £490,000 plus reservation fee.

Great potential with this unit which combines a business premises plus a two bedroom flat.

The ground floor comprises, front of house restaurant, more additional seating, Ladies & gents cloak room, kitchen and cols store area.

The flat to the first floor comprises, hallway, good size master bedroom, second smaller bedroom, lounge, bathroom, separate cloakroom and kitchen to the rear.

Outside to the rear is a brick built storage unit plus off street parking.

Whether you are wanting a business premise or if you want to redevelop this property it definitely needs to be seen to appreciate what it has to offer.

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

GIL230326/8

Description

For sale by modern method of auction.

Starting bid £490,000 plus reservation fee.

Great potential with this unit which combines a business premises plus a two bedroom flat.

The ground floor comprises, front of house restaurant, more additional seating, Ladies & gents cloak room, kitchen and cols store area.

The flat to the first floor comprises, hallway, good size master bedroom, second smaller bedroom, lounge, bathroom, separate cloakroom and kitchen to the rear.

Outside to the rear is a brick built storage unit plus off street parking.

Whether you are wanting a business premise or if you want to redevelop this property it definitely needs to be seen to appreciate what it has to offer.

Auctioneer Comments

This business premises is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase.

We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete.

Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance.

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.2% subject to a minimum of 6,000 plus VAT which secures the transaction and takes the property off the market.

The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being (truncated)

Auction Notes

This business premises is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the (truncated)

Gillingham Area

Gillingham is a town on the River Medway in the north of the English County of Kent. Together with it's neighbouring towns of Rochester and Chatham it forms a large urban area known as The Medway Towns.

Medway is just 30 miles from London and 40 miles from Channel Ports and Eurotunnel. It's easy to get to by rail and road and when you are here, travelling around couldn't be easier. The area has excellent public transport links by bus, train and taxi.

The town has strong maritime and military connections with the nearby Historic Dockyard in Chatham and Royal Engineers barracks based in Brompton. To learn about the bravery of our soldier engineers from 1066 to the present day, a visit to the Royal Engineers Museum is a must.

For the little ones there is lots of exciting places to visit including, Black Lion leisure centre, The Strand Leisure park and Riverside country park to name a few.

For the bargain hunters Gillingham offers an array of shopping centres and has a (truncated)

Front Of House

Dining Room

Ladies Cloakroom

Gents Cloakroom

Catering Kitchen

Entrance Hall

Stairs To:-

Two Bedroom Flat

Kitchen

Bathroom

Separate WC

Lounge

Bedroom One

Bedroom Two

Rear Garden

Outbuilding

Parking