For sale by Unconditional Online Auction.

A thirteen bedroom HMO in Gillingham. Currently let producing £100,200 per annum

A thirteen bedroom HMO situated in Brompton, Gillingham. The property is positioned in an ideal location, surrounded by amenities which include shops, transport links and plenty of popular pubs, bars and eateries. There are a number of outdoor spaces within easy reach and a selection of sports and leisure facilities to enjoy. The property sits close to Mid Kent College and Greenwich University whilst also being just a mile from Gillingham Town Centre, ensuring that demand is always high.

The property itself has thirteen lettable rooms along with communal spaces throughout. A full breakdown can be found below.

Offers invited.

Accommodation

Basement-
5 Rooms- currently used as storage but could be further utilised

Ground Floor

Laundry Room
Kitchen
Bathroom
W/C
5 Lettable Rooms

First Floor
Communal Dining room / kitchen
Shower-room
5 Lettable rooms

Second Floor
3 Lettable rooms

Conservation Area We have been made aware this property is in the Brompton Lines conservation area. Prospective buyers are advised to make all necessary independent enquiries prior to bidding, as any bid made will be binding.
Mobile Phone Coverage O2, EE, Three and Vodafone are available in this location.
Satellite and Cable TV Availability BT and Sky are available in this location.
Broadband (estimated speeds) Standard 11 mbps. Superfast 80 mbps. Ultrafast 1800 mbps.
Draft Sales Details These sales details are awaiting vendor approval.

Tenure: Freehold

EPC Rating: D

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.