Lot 58: FREEHOLD RESIDENTIAL INVESTMENT

Residential Investment - Folkestone Area
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A freehold building comprising four flats. Flats 2 and 4 have a gas heating system via radiators and all four have double glazed windows.

Ground Floor

Communal entrance hall.

Flat 1

Open plan living/bedroom, kitchen and bathroom/W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £375 per calendar month.

Flat 2

Open plan living/bedroom, kitchen and bathroom/W.C.

Tenancy

Vacant. Previously let at £425 per calendar month (considered under-let).

First Floor

Landing.

Flat 3

Open plan living/bedroom, kitchen and bathroom/W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £375 per calendar month.

Flat 4

Living room, kitchen, bedroom and bathroom/W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £500 per calendar month.

Outside

Communal front and rear gardens.

Auctioneer’s Note

Viewing is strictly by prior confirmed appointment with the Auctioneers.

Interested applicants are requested not to contact the tenants directly.

Freehold with Part Vacant Possession

Residential EPC: D

Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

* Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors.

For more information on fees please go to cliveemson.co.uk/buyers-fees/

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