Lot 10 The Hamiltons, Upper Luton Road, Chatham, ME5 7BH

Bidding Closed

SOLD FOR

£2,357,000

Property Enquiries

Mat Harris

mat.harris@bidx1.com
07732681152
07732681152

Viewing/ Registration Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Judith Stacy

jstacy@brecher.co.uk
+44 (0) 20 7563 1000
Description
Map
Viewings

Property Summary
  • By order of the Administrators
  • Freehold residential development site
  • Partially completed
  • 16 houses (2 sold)
  • Suit developer/investor
Tenure

Freehold

Location

The market town of Chatham is located about 36 miles south-east of central London, 10 miles north of Maidstone and 29 miles north-east of Tunbridge Wells. The town has important road links and the railway and bus stations are the main interchanges for the area. The site is located at the northern end of Upper Luton Road between Chatham Hill and Beacons Road at The Hamiltons, a secure gated road.

Description

The scheme comprises a gated development of three terraces of 5 houses and a single standalone house erected on a sloping site in a residential area. Much of the site is on made ground and there are retaining walls to the front, rear and southern boundaries and totals about 4,741 sq m (51,031 sq ft) or 0.474 hectares (1.172 acres). 10 houses on the site are mostly completed with 5 houses on the lower terrace and the standalone house needing completing. Two houses have been sold and are occupied (Nos.1 & 6).

Accommodation

Planning

Medway Council (01634 331700) www.medway.gov.uk/planning

VAT
Please refer to Legal Documents
Property Table
AddressAccommodationSize
The Hamiltons, Upper Luton Road, ChathamUnits 1 and 6 - sold and occupied
Units 2 - 5 and 7 - 10 - mostly complete
Units 11 - 16 - built to loadbearing blockwork/concrete internal structures
4 bedroom houses

Please note that any prospective buyer should obtain their own survey and contractor pricing to complete the development and not rely on the information provided in this marketing material - this is for guidance purposes only. All the information used was provided by our client.

 


*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,250 (inclusive of VAT) charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,750 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All lots sold “Subject to Vendor Confirmation” will be subject to the acceptance and confirmation by the Vendor. The highest bid will be presented to Vendor, the vendor will have to either accept, decline or make a counter offer the highest bid within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising the offer the Vendor is willing to accept. The Highest Bidder will have to either accept or reject the Vendor’s counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.


Contact Mat about this property