Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £199,000

A large three storey house currently split into two flats; Flat 2, is spread over the top two floors and is extremely generously proportioned.
(Flat 1 is just on the ground floor and includes the garden area - both are for sale by auction, including the freehold for the building)

Flat 2 currently has tenants on an AST and the owner is receiving £925pcm in rent (information correct on 09.05.2023)

This apartment is two bedroomed with all rooms being spacious - a kitchen with sufficient space for a small seating area, large bathroom, generous lounge, situated in the town - ideal for commuters.

Location Description - Wellington Street is a bustling thoroughfare located in the heart of Gravesend, a historic town nestled on the south bank of the River Thames. The street stretches from its intersection with Wrotham Road in the west to its junction with Milton Road in the east, covering a distance of approximately 0.3 miles. The street's architecture is varied, with many buildings dating back to the Victorian era and earlier, giving it a distinctly historic feel. The street has good transport links, with Gravesend train station located just a short walk away, providing easy access to London and the high speed rail link. Drivers will find there is easy access to A2/M2 from here and Bluewater is just a short drive away.

Property Description - Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £199,000

A large three storey house currently split into two flats; Flat 2, is spread over the top two floors and is extremely generously proportioned.
(Flat 1 is just on the ground floor and includes the garden area - both are for sale by auction, including the freehold for the building)

Flat 2 currently has tenants on an AST and the owner is receiving £925pcm in rent (information correct on 09.05.2023)

Frontage - Small garden with retaining wall for storage of wheelie bins. There is no allocated parking in this street, but resident parking permits can be obtained from Gravesham Borough Council.
Doorway leading into communal hallway - door to the apartment:

Entrance Hallway - Carpeted stairway leading up to the apartment, which continues throughout the property - except in bathroom and kitchen where there are lino floors.
Half landing with entrance to:

Bathroom - 2.52 x 3.49 (8'3" x 11'5") - A generous room, with three piece white bathroom suite - low level w.c., bath with shower over, part tiled walls and vanity housing the wash basin.

Small stairway to next half landing with doors to kitchen and lounge. A built in cupboard on this landing housing the hot water cylinder.

Kitchen - 2.93 x 3.33 (9'7" x 10'11") - Potterton wall mounted boiler proiding the hot water and heating for the flat. Range of wall and floor cupboards with inset hob, oven and extractor over, single drainer stainless steel sink. Window to rear of the property. Lino flooring.

Lounge - 4.98 x 3.76 (16'4" x 12'4") - A large room with built in cupboard to side of chimney breast housing the electric meter and consumer unit. Twin windows to the front making the room very light and welcoming. Carpeted.

Bedroom 2 - 3.33 x 3.01 (10'11" x 9'10") - A double bedroom with window to the rear of the property. Carpeted.

Bedroom 1 - 3.76 x 4.16 to wardrobes (12'4" x 13'7" to wardrob - Generous double bedroom with twin double glazed upvc windows to the front and vast array of built in wardrobes to two walls. Carpeted.

Tenure - Leasehold current lease was created 09.03.2006 for 99years although the current owner is willing to increase this lease to 125 years on sale as he holds the freehold.
The freehold is to be sold and could be sold as part of this flat purchase.

There are no fixed services charges but the lease states: 'to contribute and pay two thirds share of the expenses of insuring and managing the building and maintaining, cleaning, repairing redecorating, renewing and keeping tidy'...
Ground rent: 'annual rent of £150 for the first 33 years, £300 for the second 33 years and £600 for the remaining years'

Local Authority - Council Tax Band B
Charges 2023/2024 £1624.89

Auction Further Information - Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.