Retail premises for sale

Pelham Road South, Gravesend, Kent DA11

For sale by online auction. Auction date 15th July 2026. Auction at . Property comprising ground floor lock up shop, garage and first floor one bedroom flat. Commercial unit currently let at £12,000 per annum, garage let at £1,084.80 per annum and first floor one bedroom flat let on an AST at £11,400 per annum. There is a potential combined Estimated Current Market Rent income of £27,484.80 per annum. Subject to market conditions.

Description

For sale by online auction
Auction Guide £270,000 + Plus Fees**
VAT

This property is not elected for VAT
Bidding

Bidding will take place on our website 'auctions.sealeys.co.uk' on 15th July 2026 Bidding opens at 12pm and will end at 1pm. 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 description

Perry Street is Northfleet's main thoroughfare and runs into Pelham Road South at its north eastern end. Nearby retailing brand names include Tesco, Pizza Hut, Ladbrokes, kfc, Papa John's, Subway and The Co-operative Supermarket.
Property description

A freehold mixed-use property comprising a ground floor lock-up shop a first floor one-bedroom flat, and a rear garage.
•Commercial: Let on a 15-year lease commencing 17th February 2017. Current rent is £12,000 per annum (£1,000 pcm). The lease includes a break clause and a rent review on 17th February 2027. Estimated Current Market Rent is £15,000 per annum.
•Residential: A one bedroom first floor flat let on an Assured Shorthold Tenancy (AST) at £9,300 per annum (£775 pcm). The tenant has occupied the property since April 2018. Estimated Current Market Rent is £11,400 per annum.
•Garage: Located at the rear and let separately at £1,084.80 per annum (£90.40 pcm).
The property currently generates a total income of £22,384.80 per annum, with a potential combined Estimated Current Market Rent income of £27,484.80 per annum, subject to market conditions.

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.

Administration fee schedule**
The successful buyer is subject to an administration fee at the same time as the bidder security fee (auction entrance fee) for each lot purchased. The administration fee is applied to the sale price in the following scaled increments
and includes VAT;
Up to £99,999=£1,080
£100,000 - £349,999 =£2,160
£350,000 Plus =£3,600

Please see the 'General Conditions Of Sale' for detailed explanation of the terms.