Lot 2501 - 8 Darnley Road, Gravesend, Kent, DA11 0RU
- Unconditional Online Auction Sale
- Guide Price* : £250,000 - £265,000 + Fees
Commercial Unit for Sale With Planning Permission
Description
Auction Guide £250,000 - £265,000 + Fees**
This property is not elected for VAT.
The Auction will take place online via our website www.sealeys.co.uk/auctions on Thursday 16th January 2025 from 12pm, BIDDING WILL CLOSE AT 2pm.
In order for you to bid, you will be required to register your card for an 'auction entrance fee', this is made up of an 'administration fee'*** and a 'buyers security fee'. This will only be charged to the successful buyer. Please see the Buyers Guide and the Terms & Conditions for more information. If you have any further questions please contact the agent, or seek legal advice.
The required 'auction entrance fee' for this LOT is - £5,000
LOCATION DESCRIPTION
Situated on the one way system in Gravesend on Darnley Road with high volume of passing traffic. Approximately 150 yards from Tesco and the main shopping district. In an excellent transport area with Gravesend Bus Station and Gravesend Train Station only around the corner around 170 yards away.
PROPERTY DESCRIPTION
Rarely available investment in Gravesend Town Centre. A 3 storey building currently with commercial use, agreed planning permission for a residential conversion to the upper floors. The ground floor measures 530 SqFt with a display window onto Darnley road. The upper 2 floors measures a combined total of 481SqFt
The current owners have advised their planning team believes there is potential for additional development. This would of course be subject to successful planning permission.
PLANNING PERMISSION
See Gravesham Borough Council planning portal, using reference - 20230976
CURRENT CLASS OF BUSINESS USE
The vendor advises current class of business use is 'E' Category use. Interested parties are advised to seek clarification of permitted use from the local authority.
CURRENT BUSINESS RATES
Figures from the Valuation Office show a current rateable value of £9,300 per annum as at December 2024 which normally means an amount payable of between 40%-50% of this figure. Please check with the relevant local authority which is Gravesham Borough Council.
ADDITIONAL INFORMATION
Our buyers terms and conditions are available on our website, along with the legal pack. We strongly recommend you read over all of the information available and seek legal advice before you place a bid.
All bidders are subject to Anti Money Laundering regulations and we as agents are required to carry out checks on you before you can bid. To ensure you don't miss out on the auction, please, register early to allow us time to carry out these checks. We can not be held liable for anyone missing the auction due to their checks not being completed in time.
FEES**
In addition to the bid price, you may be responsible for administration fees, other non-optional fees, and potentially the repayment of search and other costs. All lots are subject to the Common Auction Conditions and applicable Special Conditions of Sale.
Before bidding, carefully review all available legal documentation to understand your potential liabilities. This includes potential costs such as Stamp Duty, Land Registry fees, and VAT, which may be applicable upon completion.
If you have any doubts, please consult with your own professional advisors.
ADMINISTRATION FEE SCHEDULE***
The successful buyer is subject to an administration fee at the same time as the bidder security fee (auction entrance fee) for each LOT purchased. The administration fee is applied to the sale price in the following scaled increments
and includes VAT;
Up to £99,999 =£1,080
£100,000 - £249,999 =£2,160
£250,000 - £499,999 =£3,600
£500,000 Plus =£5,400
Please see the 'General Conditions Of Sale' for detailed explanation of the terms.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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