A five-bedroom end terrace house in Maidstone town centre designed for HMO use. Vacant and ideal for investors. To be sold via online bidding on Friday, 15 December 2023 (Title number: TT95680 and K834333)
FOR SALE BY AUCTION: To be sold by public auction at the owner's instruction. A five-bedroom end terrace house designed for multiple occupancy use in Maidstone town centre. Vacant and ideal for investors looking for a return. To be sold via online bidding on Friday, 15 December 2023.
Auctioneers comments:: 'This Lot offers an opportunity to buy a vacant 1033 SQFT five-bedroom end terrace house designed for HMO use.'
Auction date
The property is to be sold by public auction on Friday, 15 December 2023 via a 2-hour online bidding window.
To view
The property can be viewed by booking onto one of the advertised managed block viewings. Once you have registered to bid by setting up your online bidding account, you will be emailed a Calendly link to do this. Each block viewing is strictly 30 minutes, and no ad hoc viewings will be available. In most cases, a video tour will be available.
Description
Five bedrooms, bathroom, and shower room, freehold, vacant, 1033 SQFT
Location
The Old Stores, The Rear 8-12 Gabriels Hill, Maidstone, off High Street and 0.4 miles to Maidstone East and Maidstone West railway stations
Accommodation
Basement: kitchen
Ground floor: one reception, w/c, and two bedrooms
First floor: three bedrooms, bathroom and shower room
Outside
Passageway
EPC rating
D
Tenure
Freehold with vacant possession
Local authority and council tax band
Kent County Council and Maidstone Borough Council
Council tax band: C
Pre-auction bids
To make a pre-auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable. Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.
Auction fees
In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 1.75% plus VAT (min. fee of £1,750 plus VAT) of the purchase price and auction buying fee of £1,900 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.
* 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.
Lot 93 - The Old Stores Rear of, 10-14 Gabriels Hill, Maidstone, Kent, ME15 6JG
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