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King Street, Maidstone, ME14 1BS

Auction Guide Price £275,000Freehold

333

Key Information

Tenure:Freehold
Council tax band:Not available
Broadband:up to 1000Mbps
Mobile signal:*Based on indoor data coverage
EEO2ThreeVodafone

Key Features

For Sale By Modern Method Of Auction
Freehold Building With Planning Permission Granted For Three Flats Together With Commercial Lock Up Shop
CIL Payment: TBC
Sought After Town Centre Location
Planning Reference Number: 23/504582/FULL
Vacant Possession

Description

An exciting opportunity to purchase this vacant freehold building in the centre of Maidstone on King Street. The property comes with the benefit of planning permission having been granted for the creation of three, one bedroom flats, plus commercial unit to the front. One of the flats has the benefit of a lovely roof top garden.

The property is situated right in the center of town close to all local shops, bars and restaurants. It is well served by transportation links, to include three railway stations, various bus routes and motorway links.

THIS PROPERTY IS FOR SALE BY THE MODERN METHOD OF AUCTION. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation

Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation co

THIS PROPERTY IS FOR SALE BY THE MODERN METHOD OF AUCTION. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation

Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.


MATERIAL INFORMATION

Freehold

Arrange Viewing

Maidstone and The Weald Branch

Valley Invicta Primary School At East Borough
(0.41 miles)
Number of pupils: 460
Age Range: 4 - 11
Invicta Grammar School
(0.51 miles)
Outstanding
Number of pupils: 1574
Age Range: 11 - 18
Maidstone Grammar School
(0.63 miles)
Good
Number of pupils: 1381
Age Range: 11 - 18
Valley Park School
(0.63 miles)
Good
Number of pupils: 1668
Age Range: 11 - 18
South Borough Primary School
(0.71 miles)
Good
Number of pupils: 451
Age Range: 3 - 11
Maidstone Grammar School for Girls
(0.71 miles)
Outstanding
Number of pupils: 1222
Age Range: 11 - 18
St Michael's Church of England Infant School Maidstone
(0.71 miles)
Outstanding
Number of pupils: 119
Age Range: 5 - 7
Maidstone, St Michael's Church of England Junior School
(0.71 miles)
Good
Number of pupils: 167
Age Range: 7 - 11
Archbishop Courtenay Primary School
(0.73 miles)
Requires Improvement
Number of pupils: 310
Age Range: 4 - 11
Brunswick House Primary School
(0.74 miles)
Good
Number of pupils: 419
Age Range: 5 - 11

Payment Calculator

Mortgage

Estimated Monthly Mortgage Payment:
£1,447 /mo.25 Years, 5% Interest
Loan
£247,500
Total Repay
£434,058

Stamp Duty

You’ll have to pay the stamp duty of:
£1,250
0% up to £250,000
5% between £250,000 and £925,000
Your effective stamp duty rate is 0.45%

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