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Milton Road, Gravesend, Kent

£770,000 By Auction

Reserved

Property Features
  • SALE BY AUCTION
  • PRIME POSITION ADJACENT TO CLOCKTOWER
  • SALE INCLUDES 2X2 BED FLATS AND 3 X 1 BED FLATS.
  • LARGE 80 SEATER RESTAURANT
Property Summary
SALE BY AUCTION. LARGE 80 SEATER RESTAURANT. PRIME POSITION ADJACENT TO CLOCKTOWER. SALE INCLUDES 2X2 BED FLATS AND 3 X 1 BED FLATS. ESTIMATED ANNUAL INCOME £TBC PER ANNUM. EPC: D
Property Features
  • SALE BY AUCTION
  • PRIME POSITION ADJACENT TO CLOCKTOWER
  • SALE INCLUDES 2X2 BED FLATS AND 3 X 1 BED FLATS.
  • LARGE 80 SEATER RESTAURANT

Full Description
SALE BY AUCTION
GUIDE PRICE £770,000 TO £780,000 PLUS FEES
THIS PROPERTY IS AVAILABLE VIA ONLINE BIDDING AT OUR JOINT AUCTION PARTNERS EMSONS - www.clivemeson.co.uk
The Auction will take place on the Wednesday 22nd September 2021 with bidding opening online from Monday 20th September 2021.

LOCATION DESCRIPTION
Located adjacent to the town’s Clock tower at Berkley Crescent on the busy one-way system around Gravesend town centre is this substantial 80 seater restaurant with bar and substantial cellar storage. Alternative uses may be entertained, subject to planning.

PROPERTY DESCRIPTION
Ground floor/basement:
Main restaurant, bar and kitchen: 198.89 SqM (2,141 Sq Ft)
Basement storage: 89.99 SqM (968 Sq Ft)
Residential Accommodation:
2 x 2 bedroom flats and 1 x 1 bedroom flat located on the first floor
2 x 1 bedroom flats located on the second floor
All flats have open plan living room and fitted kitchen, bathroom, full central heating with radiators and video entry phone. All 5 flats are vacant.

EXTERIOR DESCRIPTION
To the side of the property in The Grove is a large pavement suitable for outside seating (currently used as car parking). Vehicular access is permitted to the rear of the building via an archway for the purposes of loading/unloading.

CURRENT BUSINESS RATES
Figures from the Valuation Office show a current rateable value of £32,250 per annum as at February 2020 which normally means an amount payable of between 40%-50% of this figure. Please check with the relevant local authority which is Gravesham Borough Council. You as a tenant may qualify to apply for small business rates relief meaning you could pay nothing or a proportion of this payable amount.

CURRENT CLASS OF BUSINESS USE
Interested parties are advised to seek clarification of permitted use from the local authority.


Whilst every care has been taken to prepare these marketing particulars, they are for guidance purposes only. These details, description and measurements do not form part of a contract and whilst every effort has been made to ensure accuracy this cannot be guaranteed. Interested parties must satisfy themselves by inspection or otherwise as to the correctness of them. Floor plans are not to scale and are for illustration purposes only. Any equipment, fixtures and fittings or any item referred to have not been tested unless specifically stated.

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