Lot 91

ONE BEDROOM COURTYARD FLAT FOR INVESTMENT

Basement Flat, 47 Coolinge Road, Folkestone, Kent, CT20 1EW
Basement Flat, 47 Coolinge Road, Folkestone, Kent, CT20 1EW
Withdrawn After

Currently let at £6,600 per annum

A well presented courtyard (basement) flat situated in Coolinge Road and close to the town centre and Folkestone Central mainline railway station. The flat is currently let and has its own entrance, a gas heating system via radiators and double glazed windows.

Basement Level

Entrance hall, living room with bay window, bedroom, shower room/W.C. and kitchen.

Outside

Courtyard area and store room.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £550 per calendar month.

Tenure

Remainder of a 99 year lease from 25th December 2002 at a current ground rental of £150 per annum however, we understand the current leaseholder has agreed with the freeholder for a lease extension for a further 90 years at an amended ground rent of a peppercorn. Further information will be contained within the legal pack which will be available to download from the Clive Emson website.

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/