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Lot 17 Sold: £420,000

Shops 1, 3, 5 & 7 & Flats 9, 11, 11a, 15, 17, 19, 21 & 23 Merrals Wood Court, Wells Road, Strood, Kent ME2 2PN

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Lot 17   Click here for addendum

Freehold Commercial/Residential Investment – 4 Shops + 8 Flats sold-off incl. 5 Valuable Reversions in 50 years
6 week completion

situation

Located close to the junction with Merrals Wood Road serving this densely populated residential area. The property is approx. 2 miles from the facilities of the Knights Place Farm Equestrian Centre and approx. 4 miles from the Rochester & Cobham Park Golf Club.
Strood lies just to the north of the River Medway approx. 2 miles from the M2 motorway in Kent and is approx. 2 miles west of Rochester.

property

A detached purpose built block comprising of 4 Ground Floor Retail Units and 8 Self-Contained Flats (4 × 2 Bed & 4 × 1 Bed) on first and second floors accessed via an internal staircase from the rear.
In addition, the property benefits from a large rear car park for 12 cars and a front shoppers car park for 8 cars.

VAT is NOT applicable to this Lot

FREEHOLD

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of Nathan Schindler

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

*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.