Lot 282
    Mixed Use
    86/88 Frindsbury Road
    Rochester, Kent, ME2 4HY
    Sold prior to auction, for an undisclosed amount
     
    Number 1
    A Pair of Mid Terrace Buildings Comprising 2 x Ground Floor Retail Units and 2 x First Floor One Bedroom Flats Fully Let Producing £41,928 Per Annum (Reflecting a Gross Initial Yield of 12.1%)

    Description

    The property comprises a pair of mid terrace buildings arranged to provide 2 x ground floor retail units and 2 x first floor one bedroom flats.

    Tenure

    Freehold

    Location

    The property is situated on a mixed use road close to local shops and amenities. The open spaces of Frindsbury Park are within easy reach. Transport links are provided by Strood rail station.

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Rent
    86 Frindsbury Hill Ground Shop Area Lease for 25 years from 1st October 2002 £1,344 PCM
    86A Frindsbury Hill First One Bedroom Flat AST (Please refer to legal pack) £650 PCM
    88 Frindsbury Hill Ground Shop Area Lease for 20 years from 1st September 2021 £900 PCM
    88A Frindsbury Hill First One Bedroom Flat AST (Please refer to legal pack) £600 PCM
    For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on
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    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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.

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