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10 bedroom block of apartments for sale

Flat 7, Spembly Works, 13 New Road Avenue, Chatham, Kent

Removed £850,000

Property Description

Key features

  • For sale by auction
  • Investment Flat
  • Bedrooms: 10

Full description

Tenure: Leasehold

Lot 72 - This lot is for sale by auction as lot 72 on 15th December 2016.

Thirteen Leasehold Self-Contained Flats

- Comprising 3 x One Bedroom, 7 x Two Bedroom and 3 x Three Bedroom Flats
- Each Flat subject to an Assured Shorthold Tenancy
- To be offered Individually or Collectively
- Total Current Gross Rent Reserved

£100,140 per annum (equivalent)from lots 72-84

Leasehold. The properties are each held on a lease for a term of 125 years from 1st June 2003 (thus having approximately 112 years unexpired) at a current ground rent of £250 per annum.

Spembly Works is located on the north side of New Road Avenue, between its junctions with Manor Road and Hammond Hill. Local shops and amenities can be found nearby along Chatham High Street. Chatham Rail Station provides regular and direct services to London Victoria and London St Pancras Stations, with journey times of approximately 45 minutes. The M2 Motorway is to the west and the open spaces of Jackson's Field are within walking distance.

The property comprises thirteen self-contained flats situated within a detached building arranged over ground and five upper floors. Flats 32 and 33 benefit from wrap around balconies. There is a parking area to the rear of the building. The flats will be offered either individually or collectively.Floor plans are available from the auctioneers upon request. Please email

Accommodation and Tenancies
The property was not internally measured or inspected by Allsop. The information in the schedule of Accommodation and Tenancies set out below was provided by the Vendor. We are informed that the property provides

Seller's Solicitor
Messrs Bude Nathan Iwanier (Ref Booky Dubiner).Tel 0208 458 5656.Email

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'TBA', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at Please check regularly for updates. Lots may be sold or withdrawn prior to auction.

Listing History

Added on Rightmove:
26 November 2016

Map & Street View

Disclaimer - Property reference 970000126. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Allsop , Auction. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Allsop , Auction on 0207 494 3686.

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