For sale by Modern Method of Auction; Starting Bid Price £560,000 plus Reservation Fee.

Mixed use commercial investment!

Situated on the corner of St Marys Road, Faversham this mixed use commercial freehold presents an excellent investment opportunity.

The property is comprised of four studio flats, a one bedroom flat, and a front facing commercial lock up shop.

The rental return on the property for the property in it’s entirety is £3,330pcm. The full breakdown can be discussed upon request.

Auctioneer Comments

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300 inc VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £7,080 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.