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Lot 23
18 New Road, Rochester, Kent ME1 1BG

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Available at £500,000

(GROSS YIELD 10%)
6 Week completion

SITUATION

Located directly opposite Jackson's Recreation Ground and conveniently situated within easy walking distance of the multiple shopping facilities in High Street. In addition, Rochester Main Line Station is approx. ½ mile distant.
Rochester sits as part of the HS1 Line and is famous for its Cathedral and Castle as well as its connections to Charles Dickens and the Huguenots, lying some 28 miles east of central London and 8 miles north of Maidstone, with easy access to the M2 (Junction 2).

PROPERTY

A mid terraced building comprising an 8 Bed House planned on 6 floors, all of which have natural light. The property includes:

• 8 Bedrooms (incl. some furniture)
• Communal Kitchen/Diner
• Communal Living Room
• 2 × communal Shower Room/WC
• 1 × communal Bathroom/WC
• 1 × communal separate WC
• Gas central heating
• Fire alarm and emergency lighting system
• Rear hard standing area for parking 2/3 cars.

VAT is NOT applicable to this Lot

FREEHOLD

Note 1: The property is registered as an HMO with a 5 year licence from 26th November 2015.

Note 2: Porters, the current managing agents who are Chartered Surveyors in Maidstone, can offer a full management service of the building. Contact Porters on 01622 685 261 (Ref: Sherrie Sandy)

TENANCIES & ACCOMMODATION

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Buyer or Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £750 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.