King Street, Gillingham

For Sale By Online Auction, Auction Date 4th December 2025, Sold with Tenant in Situ, £1,350 Per Calendar Month Rent, 9% Yield at Guide Price, 3 Bedroom Victorian Terraced House, 0.2 Miles From Gillingham Train Station, Auction to be held on our website, Let and Managed by an estate agent with proof of rent payments available

FOR SALE BY ONLINE AUCTION
Auction Guide* £180,000+ + Fees**

VAT
The property is not elected for VAT

TENURE:
Freehold

BIDDING
The Auction will take place online via our website on Thursday 4th December 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

VIEWING:
Due to the tenant in situ, viewings are not available.

LOCATION:
Situated in a established residential area just 0.2 miles away from Gillingham Train Station with excellent links to London. Gillingham High Street is also 0.2 miles away. The M2 is 4.4 miles away.

DESCRIPTION:
A 3 bedroom town house situated over 3 floors currently tenanted.
GROUND FLOOR - Bathroom, Bedroom
LOWER GROUND FLOOR - Kitchen, Lounge, access to Garden.
FIRST FLOOR - 2 bedrooms.

TENANT IN SITU
Sold with the tenant in situ, achieving a rent of £1,350 per calendar month. The property has been let and managed by an estate agent. All rent is up to date as of 13th November 2025 and a statement of payments is available.

LOCAL AUTHORITY:
Medway Council Council Tax Band - B £1,716.82 2025/2026

UTILITIES:
Mains Electricity, Water and Drainage

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.