Windmill Street, Gravesend

Long Leasehold For Sale by Online Auction, Auction Date 11th June 2025. 946 Years Remaining, Prominent corner building comprising a ground floor shop with return frontage onto Windmill Street.

FOR SALE BY ONLINE AUCTION
Auction Guide £200,000+ - Long Leasehold

LEASEHOLD
999 years from 26th October 1971. (946 years remaining)
Ground Rent - A White Rose (if requested)

AGENTS NOTE
We have been made aware of an issue with the existing lease. We strongly recommend getting legal advice on the documents prior to bidding.

VAT
This property is not elected for VAT

BIDDING
The Auction will take place online via our website on Wednesday 11th June 2025 from 12pm, BIDDING WILL CLOSE AT 1pm.

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
Prominent corner building comprising a ground floor shop with return frontage onto Windmill Street and Manor Road, first floor office space and basement storage. Being sold with vacant possession. Measuring a total of 1,588 SqFt, Comprising:

FLOOR FLOOR AREA ACCOMODATION
Ground Floor - 572 SqFt - Sales Area, 2 offices, stairwell

First Floor - 618 SqFt - Open plan office, staff room, 2 WC's, stairwell

Basement - 398 SqFt - Basement with restricted head height, stairwell

BUSINESS RATES
The Valuation Office show a current rateable value £12,250 as at June 2024 which normally means an amount payable of between 40%-50% of this figure. Please check with the relevant local authority which is Gravesham Council.

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.

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.

GUIDE PRICE*
Where a guide price (or range of prices) is published, that guide is the sellers minimum expectation at the date of publication. 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 register your interest or keep an eye on our website for any amendments to this.

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.