Residential Portfolio in ME14
High Street, Maidstone, Kent, ME14 1JH
Online auction
Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk
- Five self contained apartments
- Ideal Landlord investment (Tenant's in-situ)
- Situated in Maidstone Town Centre
- Highly regarded apartments
- Annual rental income: £44,940
Residential Portfolio in ME14
*For sale via secure sale online bidding: terms and conditions apply.*
We are pleased to offer to auction this 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.
Please note we have not inspected this property.
Summary
- Property Type: Residential Portfolio
- Tenure: Leasehold
- Parking: None
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.
Accommodation
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.
Rental Income
Annual rental income: £44,940
Tenure
Leasehold. Title number K784540.
Date : 26 January 1998
Term : 125 years from 26 January 1998
Council Tax
All flats band B.
EPC
All available upon request.
Flat A: Rating E
Flat B: Rating E
Flat C: Rating E
Flat D: Rating D
Flat E: Rating D
Additional Information
For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Floor Plan
Floor Plan 2
Floor Plan 3
This property is being sold subject to unconditional reservation fee auction terms and conditions.
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.
A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.
If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.
Any amount payable at the close of the auction must be paid within 1 hour.
Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.
Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.
The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.
The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.
Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid
Please note this bidding process applies specifically to online auctions.
More Information is available:
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
There is no legal pack for this property.
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