Skip to Content

Lot 3 Sold: £416,000

23 Railway Street, Chatham, Kent ME4 4HU
Paddock House, 28a The Paddock, Rome Terrace, Chatham, Kent ME4 4RF
Store & Garages 31–36 Cambridge Terrace, Chatham, Kent ME4 4RG

  • Photo1
  • Photo2
  • Photo3
  • Photo4
  • Photo5

Lot 3

Freehold Commercial Investment
On behalf of Trustees & in same family ownership for over 25 years
6 week completion

Situation

Located at the intersection of Railway Street and Waterfront Way (A2) only a minutes' walk from the main High Street retail thoroughfare and surrounded by a host of established local retailers.
Chatham is a Medway Town famous for its Naval history, situated between Rochester and Strood, approximately 7 miles north of Maidstone and 7½ miles south-east of Gravesend, enjoying excellent road access to the M2 (Junctions 1 & 2) via the A2.

Property

A substantial period corner building comprising a Ground Floor Shop and Basement with part first floor Storage plus separate side entrance to Self-Contained Offices at rear ground, first, second & third floor levels.
There is also a detached rear Storage Building plus a row of 6 Lock-up Garages.

VAT is NOT applicable to this Lot

FREEHOLD


Note: There is development potential to convert the upper floors and rear store building into residential, subject to obtaining possession and the necessary consents.

Enquire about this lot:

Photo of Jonathan Ross

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,000 plus VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.