Lot 2507 - 43 Windmill Street, Gravesend, Kent, DA12 1BA
- Unconditional Online Auction Sale
- Guide Price* : £360,000 - £380,000
- Bedrooms: 3
- Bathrooms: 1
- Reception Rooms: 1
Mixed Use Commercial and Residential Freehold For Sale.
Description
FOR SALE BY ONLINE AUCTION
Auction Guide* £360,000 - £380,000 + Fees**
VAT
This property is not elected for VAT
BIDDING
The Auction will take place online via our website www.sealeys.co.uk/auctions on Thursday 29th May 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 Common Auction 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
Windmill Street is located in Gravesend town centre - being close walking distance of all amenities such as parking, shopping centres, eateries and banks, and within 0.1 miles of Gravesend Station (with its high speed link to London St Pancras, journey time around 23 minutes). The A2/M2 is 1.9 miles to the South, linking to the M25 and Dartford Road Crossing.
PROPERTY DESCRIPTION
A Grade II listed property comprising ground floor and basement, office/retail with a 3 bedroom split level maisonette on the first and second floors. A parking area to the rear for 4 vehicles. The commercial space will be offered with vacant possession and the upper floors are subject to an AST at a current rent of £770 PCM. The current residential tenant has been in situ for over 10 years and the rent has not been increased for a number of years. There is a potential combined market rental income of £2,800pcm. Subject to market conditions. GROUND FLOOR - 596 SqFt Office space, Kitchenette, WC BASEMENT - 267 SqFt Office, WC FIRST FLOOR Accessed from an external staircase comprising; Lobby, Hallway, Lounge Kitchen. SECOND FLOOR 3 double bedrooms and a bathroom.
EPC
Commercial EPC - D
Residential EPC - D
CURRENT BUSINESS RATES
Figures from the Valuation Office show a current rateable value £7,100 as at January 2025 which normally means an amount payable of between 40%-50% of this figure. Please check with the relevant local authority which is Gravesham Council. Occupiers may qualify to apply for small business rates relief meaning you could pay nothing or proportion of this payable amount.
CURRENT CLASS OF BUSINESS USE
We believe the business use class is 'E' category use. We advise each interested party to verify this via planning department of the local authority 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.
Vendors Solicitor
* 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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