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Investment for sale in Sittingbourne

31 London Road, Sittingbourne, Kent
For sale
£550,000
AUCTION PROPERTY
clive-emson-auctioneers
This property is marketed by:
Clive Emson Auctioneers
A large detached former doctors surgery located in Sittingbourne's town centre close to local amenities, mainline railway station and with good access to the A249 leading to the M2. The property and a parcel of land to the rear have both been granted Planning Permission for ten flats with thirteen parking spaces.

Works to convert the former surgery into three two-bedroom and two one-bedroom flats which includes two maisonettes, is partially complete and we have been informed first fix electrics have been carried out in four of the five flats. The site to the rear, which is on a separate Title, has been granted Planning Permission for three one-bedroom flats, one two-bedroom flat and one three-bedroom maisonette. It is understood there may be potential to amend the current Permission to provide more flats, subject to all necessary consents being obtainable.

Proposed Accommodation
Former Surgery
Ground Floor
Communal entrance to front.
Flat 1
Entrance hall, kitchen/living room/dining room, bedroom and bathroom with W.C.

Flat 2
Entrance hall, kitchen/living room/dining room, two bedrooms and bathroom with W.C.

First Floor
Flat 4
Entrance hall, kitchen/living room/dining room, bedroom and shower room with W.C.

Flat 3
Entrance hall, two bedrooms and bathroom with W.C.
Second Floor
Kitchen/living/dining room.

Flat 5
Ground Floor
Private entrance, entrance hall, kitchen, living room/dining room and W.C.
First Floor
Bedroom 1, bedroom 2 with balcony and family bathroom with W.C.

Outside
Seven parking spaces and cycle store.

Block To Rear
Ground Floor
Communal entrance.

Flat 6
Entrance hall, kitchen/living room/dining room, bedroom and bathroom with W.C.

Flat 7
Entrance hall, kitchen/living room/dining room, bedroom and bathroom with W.C.

First Floor
Flat 9
Entrance hall, kitchen/living room/dining room, bedroom and bathroom with W.C.

Flat 8
Entrance hall, kitchen/living room/dining room and W.C.
Second Floor
Landing, three bedrooms and bathroom with W.C.

Flat 10
Kitchen/living room/dining room, two bedrooms and bathroom with W.C.

Outside
Six parking spaces and cycle store.

Tenancy
We have been informed there is a sign to the front which has been let on a 10-year lease which is coming to an end but a new Agreement is currently being formalised for another 10-year lease at a rent of 1,200 per annum.

Planning
Planning Permission has been granted by Swale Borough Council under reference 16/507181/FUL, dated 26th May 2017, for conversion of former doctor surgery to five flats with single storey side extension, two storey rear extension and insertion of dormer window. Five new build flats at the rear of the premises plus car parking provision and other associated works, subject to conditions.

Planning Permission was also granted by Swale Borough Council under reference 17/505232/FULL, dated 2nd January 2018, for Minor Material Amendment to Condition 2 of 16/507181/FULL to vary the approved plans to add dormer window to front elevation of existing building and addition of balcony to dormer window on rear elevation. Reduce window sizes on all elevations of new building to the rear, addition of Juliet balconies onto the front elevation and addition of four balconies onto rear elevation, subject to conditions.

A copy of the Planning Permission and accompanying documents may be downloaded from Swale Borough Council Website, swale.gov.uk. Tel: 01795 417850.

Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.


Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/

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