Lot 6

FREEHOLD BLOCK OF SIX FLATS FOR INVESTMENT IN POPULAR WEST END OF FOLKESTONE

29 Grimston Avenue, Folkestone, Kent, CT20 2QD
29 Grimston Avenue, Folkestone, Kent, CT20 2QD
Sold £522,000

Currently let at £28,320 per annum

A freehold block of six flats situated in the popular West End of Folkestone, overlooking Grimston Gardens while being in close proximity of Folkestone West railway station and walking distance to the town centre and The Lees.

We understand all flats have double glazed windows. The ground floor flat has a gas heating system by radiators while the other five have electric heating.

Ground Floor Flat

Inner vestibule to panelled hallway, wet room with shower/W.C., larder, kitchen, door to entrance to cellar/storage area, three bedrooms (one currently used as a drawing room with bay window) plus a living room.

Outside

Double garage with off-road parking. Front garden with side entrance to rear and rear garden with covered patio.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £510 per calendar month.

Ground Floor

Side entrance providing communal entrance hallway for the remaining five flats.

Flat 1A

Stairs to entrance hallway with kitchen leading to bathroom/W.C., bedroom and living room.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £450 per calendar month.

Flat 2

Entrance hall, bathroom/W.C., kitchen, bedroom, living room and hallway (currently used as a storage area).

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £360 per calendar month.

Flat 3

Bedsitting room with separate kitchenette. Hallway leading to bathroom/W.C. and separate toilet on the first floor (sole use).

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £260 per calendar month.

Flat 4

Entrance hall, bedsitting room, kitchen and bathroom/W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £340 per calendar month.

Flat 5

Entrance to hallway with bathroom off. Separate entrance to studio apartment, kitchen, open-plan living room with separated bedroom area.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £440 per calendar month.

Auctioneer's Note

At the time of going to print the Auctioneers have been unable to internally inspect this block and prospective purchasers should rely on their own investigations to verify the information provided by the sellers.

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/