Skip to Content

Lot 19 Sold: £126,000

321 High Street, Chatham, Kent ME4 4BN

  • Photo1
  • Photo2
  • Photo3

Lot 19   Click here for addendum

Commercial Investment
6 week completion

Situation

Located close to the junction with The Brook in this pedestrianised High Street in the heart of the town centre close to branches of Gala Bingo, GO Outdoors, Iceland, Savers, Barclays, British Heart Foundation and a host of independent local traders.
Chatham is a Medway town famous for its Naval history, situated between Rochester and Strood, approximately 7 miles north of Maidstone and 7½ miles south-east of Gravesend enjoying excellent road access to the M2 (Junctions 1 & 2) via the A2.

Property

Forming part of a mid-terraced building comprising a Ground Floor Shop with Basement Storage running below Nos. 321 & 323.

Accommodation

Ground Floor Shop
Gross Frontage 14'10"
Internal Width 14'4"
Shop Depth 30'0"
Built Depth 41'5"
WC
Basement Storage Area Approx. 850 sq ft

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 999 years from 9th June 2004 at a peppercorn ground rent.

Tenancy

The property is let on a full repairing and insuring lease to Harvey & Thompson Limited as a Pawnbrokers (having 250 branches) (T/O for Y/E 31/12/20 £129.1m Pre-Tax Profit £15.9m and Shareholders' Funds £133.8m) for a term of 10 years from 9th October 2016 at a current rent of £10,000 per annum exclusive.

Note: The lessees have been in occupation for 15 years.

Enquire about this lot:

Photo of Nathan Schindler

Nathan Schindler
020 8492 9449
nschindler@barnettross.co.uk

Photo of Jonathan Ross

*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 Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 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.