Lot 88

FREEHOLD BLOCK OF FOUR FLATS FOR INVESTMENT

61 Godwin Road, Cliftonville, Margate, Kent, CT9 2HE
61 Godwin Road, Cliftonville, Margate, Kent, CT9 2HE
Sold £260,000

Currently let at £19,740 per annum

A substantial four storey property located close to Margate town centre and the seafront. The property is currently arranged as four self-contained flats all with a gas heating system via radiators and double glazed windows. The second floor flat has recently undergone a programme of refurbishment.

Lower Ground Floor

Flat A

Entrance hall, living room, kitchen, bedroom room and bathroom with W.C.

Outside

Access to rear garden.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £475 per calendar month.

Ground Floor

Communal hall.

Flat B

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

Outside

Access to rear garden.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £400 per calendar month.

First Floor

Landing and two storage cupboards.

Flat C

Hallway, kitchen, living room/bedroom and bathroom with W.C.

Tenancy

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

Second Floor

Flat D

Hallway, kitchen, living/bedroom and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £395 per calendar month.

Auctioneer's Note

The seller has advised the Auctioneer the scaffolding in the photograph was erected for roof works which have now been completed.

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/