This property is no longer on the market
2 bedroom property
Key information
Property description & features
- Tenure: Freehold
- For Sale by Online Auction
- Auction Date : 24 July 2024
- Lot Number : 69
- Freehold Block Of Seven Shops And Seven Flats
- Mixed Commercial/Residential
- Freehold
- *Guide Price : £1,000,000 Plus + Fees
Commercial
98 Miller Drive
Ground Floor
Tenancy
Let to a convenience store under the terms of a 15-year lease, from 25th September 2013, at a current rental of £10,000 per annum.
102 Miller Drive
Tenancy
Let to a health and beauty clinic under the terms of an 18-year lease, from 26th November 2007, at a current rental of £10,000 per annum.
106 Miller Drive
Tenancy
Let to a barber shop under the terms of a five-year lease from 25th March 2022 at a current rental of £11,000 per annum.
110 Miller Drive
Tenancy
Let to a coffee shop under the terms of a five year lease from 25th March 2022 at a current rental of £11,000 per annum.
Auctioneer’s Note
The rents stated for 102,106 and 110 are reflective of those agreed by the landlord as a rent reduction during the Covid pandemic. These rents have never returned to the figures stipulated in the lease, which are £12,500 per annum, per property.
Further details including copies of the leases will be included in the legal documents, available to download from the Clive Emson website.
114, 118 & 122 Miller Drive
Tenancy
All three units are occupied by the same tenant (the Day Nursery) and are let under the terms of a 28-year lease from 19th July 2004 at a current rental of £30,000 per annum.
First Floor Residential
Flats 100, 104, 112, 116 & 124
Tenure
All five flats are sold under the terms of 125-year leases from 29th September 1985 at a current ground rental of £50 per flat per annum.
Flat 108
Living/dining room, kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £700 per calendar month.
Flat 120
Living/dining room, kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £700 per calendar month.
Residential EPC: E
Commercial EPC: C
Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Price Information
*Guides are provided as an indication of each Seller's minimum expectation. 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 check our website regularly at , or contact us on[use Contact Agent Button], in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to
Places of interest
Clive Emson Land & Property Auctioneers - Maidstone
Rocky Hill, London Road Maidstone, Kent ME16 8PY
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Property reference 52000-39373. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Clive Emson Land & Property Auctioneers - Maidstone.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on July 19, 2024
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on July 19, 2024
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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