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Lot 10 Click here for addendum

Freehold Commercial Investment
On behalf of Trustees & in same family ownership for over 25 years
6 week completion

Situation

Located at the intersection of High Street and Waterfront Way within the pedestrianised town centre retail thoroughfare, close to the Pentagon Shopping Centre and branches of Yorkshire B.S., Lloyds Bank, NatWest, TK Maxx, Poundland, Sports Direct, H. Samuel, Halifax Bank, Post Office, Bon Marche plus a host of established local retailers.
There is a public car park nearby together with a huge residential development currently under construction off Waterfront Way.
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

A substantial period corner building comprising a Ground Floor Shop with Basement and a Ground Floor & Basement Café plus separate side entrance to a first floor Dental Surgery plus Self-Contained Offices at second and third floor level.

VAT is NOT applicable to this Lot

FREEHOLD

Note: There is development potential to convert the second and third floors to residential, subject to obtaining possession and the necessary consents.

*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.

131/131a High Street, Chatham, Kent ME4 4DH