Lot
014
Auction: February 2024 Online Auction 28/02/2024 - Bidding opens Tuesday 27th February 10:00 AM

1 King Street, ME7 1EY And, 87 89 & 91 Jeffery Street , Gillingham, Kent, ME7 1DA

Property Details
Location
Auction Details
Description
A substantial mixed use investment property comprising a two bedroom mid terrace house and a large prominent commercial premises extending to approximately 440 Sq M (4,740. Sq Ft). Both the residential and commercial properties are currently let detailing a combined annual rent of £50,800.
Location
The properties front onto the corner of King Street and Jeffrey Street (A231) in a mixed residential and retail location on the periphery of the town centre with a number of national retailers located on nearby High Street. Gillingham train station is a short walk away and provides convenient access to the surrounding Kent towns and operates a regular service into London. The county town of Maidstone is situated 11 miles to the south.
Accommodation

Pugh & Cp have not inspected the property internally and the following accommodation information and sizes have been provided by the vendors;

1 King Street

Ground FloorApprox 111 Sq M (1,200 Sq Ft)
First FloorApprox 72 Sq M (780 Sq Ft)

87/89 Jeffrey Street

Ground FloorApprox 135 Sq M (1460 Sq Ft)
First FloorApprox 120 Sq M (1,300 Sq Ft)

91 Jeffrey Street

Ground FloorKitchen, Living Room, Bathroom 
First FloorBedrooms x 2 

Tenancy

1 King Street and 87-89 Jeffery Street are currently
tenanted on a full repairing lease commencing 01 January 2021 fixed through to
31 December 2025 at a current rent of £40,000 per annum payable quarterly. 

91 Jeffrey Street is currently let at £900pcm.



Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 27TH FEBRUARY AND CLOSES ON WEDNESDAY 28TH FEBRUARY.

3. Energy Performance Certificate = 1 King Street = D. 91 Jeffrey Street = C. 87-89 Jeffrey Street = TBC.

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