Lot 106: FIRST FLOOR STUDIO FLAT

Residential Investment - Thanet Area
Available At £55,000 + Fees
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Flat 2, 16 Norfolk Road, Cliftonville, Margate, Kent. CT9 2HY

Applicants may view the lot externally only

01622 608400

Chris Milne

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A well presented studio flat located a short walk from the seafront in a predominantly residential area of Margate.

Accommodation

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

Tenancy

Holding over under the terms of an original Tenancy Agreement at a current rental of £450 per calendar month rising to £475 from 13th December 2020.

Tenure

To be sold on a new 99 year lease. Further information will be available to download from the Clive Emson website.

Residential EPC: D

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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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The map and satellite images are based on postcode information and are available for for directions only. The may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.

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