No longer on the market
This property is no longer on the market
MapProperty
Auction
Property
10 beds
Features and description
- For Sale by Online Auction
- Auction Date : 28 July 2021
- Lot Number : 50
- Public House Investment Plus 10 Letting Rooms
- Commercial Investment
- Freehold
- Current Rental : 26,200 Per Annum
- *Guide Price : £200,000 Plus Fees
The Alexandra Hotel is located in a prominent position on a busy roundabout on the A230, which is one of the arterial roads leading towards the town centre. Chatham railway station is also close by.
The property comprises a ground floor and basement public house investment with the upper parts, accessed via its own entrance (and separate from the public house investment), currently arranged as 10 letting rooms with shared facilities.
The upper parts may be suitable for continued investment or conversion into self-contained flats, subject to all necessary consents being obtainable.
Public House Investment
Ground Floor
Open-plan bar area with servery, ladies and gents W.C.s.
Basement
Storage area.
Outside
Courtyard and smoking area.
Tenancy
The ground floor and basement are let under the terms of a 10 year lease from 8th November 2016 at a current rental of £10,000 per annum. The lease shows there was a rental increase due on 8th November 2017 to £15,000. However this has not been implemented.
There is a further rent review in November 2021 along with a mutual break option. A copy of the Occupational Lease is available for inspection within the legal pack, available to download from the Clive Emson website.
EPC Information
The property has an EPC rating of 52 (C), quoting 190 sq.m. of usable floor space.
Upper Parts
Self-contained residential accommodation comprising 10 letting rooms, with shared kitchen and bathroom facilities. Three of the rooms are currently let on Assured Shorthold Tenancy Agreements at £16,200 (combined) per annum, with potential to increase to circa £52,320 per annum if all 10 rooms were let.
Ground Floor
Own entrance with stairs to first floor.
First Floor
Landing. Room 6 is let while Rooms 1, 2, 3, 4 and 5 are vacant. Communal kitchen, bathroom and separate W.C.
Second Floor
Landing. Rooms 7 and 8 are vacant and Rooms 9 and 10 are let. Communal kitchen, living room and bathroom/W.C.
Local Planning Authority
Medway Council,[use Contact Agent Button]. Website medway.gov.uk
Not Swale Borough Council as previously stated.
Auctioneer's Note
The public house accommodation has been deduced from the lease plan and the residential accommodation has been deduced from sketched plans provided by the Joint Auctioneer. The internal and outside courtyard photographs have also been provided by the Joint Auctioneer.
Freehold with Part Vacant Possession
Commercial EPC: C
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.
Please note, following the Governments advice, lots are now being offered via our online platform. To register for our online auction please go to our online auction page . For further information please go to cliveemson.co.uk or call us on[use Contact Agent Button].
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 , or contact us on[use Contact Agent Button], 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
The property comprises a ground floor and basement public house investment with the upper parts, accessed via its own entrance (and separate from the public house investment), currently arranged as 10 letting rooms with shared facilities.
The upper parts may be suitable for continued investment or conversion into self-contained flats, subject to all necessary consents being obtainable.
Public House Investment
Ground Floor
Open-plan bar area with servery, ladies and gents W.C.s.
Basement
Storage area.
Outside
Courtyard and smoking area.
Tenancy
The ground floor and basement are let under the terms of a 10 year lease from 8th November 2016 at a current rental of £10,000 per annum. The lease shows there was a rental increase due on 8th November 2017 to £15,000. However this has not been implemented.
There is a further rent review in November 2021 along with a mutual break option. A copy of the Occupational Lease is available for inspection within the legal pack, available to download from the Clive Emson website.
EPC Information
The property has an EPC rating of 52 (C), quoting 190 sq.m. of usable floor space.
Upper Parts
Self-contained residential accommodation comprising 10 letting rooms, with shared kitchen and bathroom facilities. Three of the rooms are currently let on Assured Shorthold Tenancy Agreements at £16,200 (combined) per annum, with potential to increase to circa £52,320 per annum if all 10 rooms were let.
Ground Floor
Own entrance with stairs to first floor.
First Floor
Landing. Room 6 is let while Rooms 1, 2, 3, 4 and 5 are vacant. Communal kitchen, bathroom and separate W.C.
Second Floor
Landing. Rooms 7 and 8 are vacant and Rooms 9 and 10 are let. Communal kitchen, living room and bathroom/W.C.
Local Planning Authority
Medway Council,[use Contact Agent Button]. Website medway.gov.uk
Not Swale Borough Council as previously stated.
Auctioneer's Note
The public house accommodation has been deduced from the lease plan and the residential accommodation has been deduced from sketched plans provided by the Joint Auctioneer. The internal and outside courtyard photographs have also been provided by the Joint Auctioneer.
Freehold with Part Vacant Possession
Commercial EPC: C
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.
Please note, following the Governments advice, lots are now being offered via our online platform. To register for our online auction please go to our online auction page . For further information please go to cliveemson.co.uk or call us on[use Contact Agent Button].
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 , or contact us on[use Contact Agent Button], 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
About this agent
Clive Emson Land & Property Auctioneers - Maidstone
Rocky Hill, London Road
Maidstone, Kent
ME16 8PY
01622 279788Clive Emson Auctioneers was founded in 1989 to supply a high profile auctioneering facility to corporate and independent estate agents, private clients and statutory bodies. Our success is due to, and remains, attributable to a firm commitment to quality and service distinguished by both our Investors in People and ISO accreditations. The concept of the Company is to provide a specialist land and property auctioneering service and, therefore, does not compete with the traditional estate agency, mortgage broking, insurance or any other aspect of the property world. All properties upon which we are instructed are offered for sale in the auction catalogue. The 20-25,000 full colour catalogues produced for each of our auctions are available either by post or through a network of over 850 estate agency outlets throughout Southern England. Our marketing is supported by more estate agency offices than any other auctioneers practice. In addition lot details, catalogue downloads, viewings and legal documentation are available through this website.