Lot 100

FREEHOLD BLOCK OF THREE FLATS FOR INVESTMENT

32 St. Michaels Street, Folkestone, Kent, CT20 1LL
32 St. Michaels Street, Folkestone, Kent, CT20 1LL
Sold £237,000

Currently let at £18,540 per annum

A freehold block comprising two flats and a maisonette, all let on Assured Shorthold Tenancy Agreements. The building has double glazed windows and all have gas heating systems via radiators.

Flat 1

Own Entrance at the rear. Open plan living/kitchen/dining room, inner hall, bedroom with walk in storage, second room and bathroom/W.C.

Tenancy

let under the terms of an Assured Shorthold Tenancy Agreement at a current rent of £525 per calendar month.

Flats 2 & 3

Ground Floor

Communal entrance hall.

Flat 2

Ground Floor

Entrance hall, open plan living room/kitchen, bedroom and bathroom/W.C.

Tenancy

let under the terms of an Assured Shorthold Tenancy Agreement at a current rent of £425 per calendar month.

Flat 3 - Maisonette

Ground Floor

Entrance hall with stairs to first floor.

First Floor

Upper hallway, kitchen/dining room and living room.

Second Floor

Landing, two bedrooms and bathroom/W.C.

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rent of £612.85 per calendar month, (from 23 July 2020) and not £595 per calendar month as previously stated.

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/