No longer on the market
This property is no longer on the market
MapMixed use
Auction
Mixed use
23 beds
5963
EPC rating: D
Features and description
- For Sale by Online Auction
- Auction Date : 20 March 2024
- Lot Number : 108
- 23-bedroom Hmo With Good Rental Income
- Residential Investment
- Freehold
- Current Rental : £165,721 Per Annum
- *Guide Price : £1,300,000 Plus Fees
A detached former care home which has been converted into a 23-bedroom House of Multiple Occupation and is now fully let.
The building is located on the outskirts of Faversham town centre with good access to Faversham’s mainline railway station, along with the M2.
The property has two communal kitchens, two communal areas, a laundry room and several communal shower/bathrooms along with W.Cs. Half of the bedrooms have their own en-suite W.Cs. with the other rooms sharing facilities.
Mill House sits on a good size plot adjacent to Faversham Town Football Club with off road parking and gardens to rear.
There is an unused outbuilding to the rear of the site which may offer potential, subject to all necessary consents being obtainable.
Tenancies
Each room is let under the terms of an Assured Shorthold Tenancy Agreement. The current rental figures are as shown in the Table below and a Tenancy Schedule will be included in the legal pack which will be available to download from the Clive Emson website.
Local Planning Authority
Swale Borough Council. [use Contact Agent Button]. Website: swale.gov.uk.
Viewing
External only.
Council Tax Band H
Residential EPC: D
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 building is located on the outskirts of Faversham town centre with good access to Faversham’s mainline railway station, along with the M2.
The property has two communal kitchens, two communal areas, a laundry room and several communal shower/bathrooms along with W.Cs. Half of the bedrooms have their own en-suite W.Cs. with the other rooms sharing facilities.
Mill House sits on a good size plot adjacent to Faversham Town Football Club with off road parking and gardens to rear.
There is an unused outbuilding to the rear of the site which may offer potential, subject to all necessary consents being obtainable.
Tenancies
Each room is let under the terms of an Assured Shorthold Tenancy Agreement. The current rental figures are as shown in the Table below and a Tenancy Schedule will be included in the legal pack which will be available to download from the Clive Emson website.
Local Planning Authority
Swale Borough Council. [use Contact Agent Button]. Website: swale.gov.uk.
Viewing
External only.
Council Tax Band H
Residential EPC: D
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.