Lot 107 - FREEHOLD INVESTMENT COMPRISING A PAIR OF SEMI-DETACHED COTTAGES IN POPULAR LOCATION AND LAND EXTENDING TO APPROX 1.33 ACRES IN TOTAL

Sold £612,000

On instructions of the Power of Attorney

The cottages are currently let at £16,140 per annum

A pair of semi-detached cottages situated in Out Elmstead Lane, which lies between Dover Road (the A2) and Valley Road in a semi-rural location.

The two cottages are currently let under the terms of Assured Tenancy Agreements while the majority of land is offered with vacant possession.

It is considered that the two cottages may be amalgamated to create one larger property, subject to all necessary consents being obtainable.

1 Digges Cottages

Ground Floor

Living room and dining area with open arch to kitchen. There is also a bathroom/W.C.

First Floor

Landing and three bedrooms.

Outside

Rear garden.

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £795 per calendar month.

2 Digges Cottages

Ground Floor

Entrance hall with stairs to first floor. Living room, kitchen and bathroom/W.C.

First Floor

Landing and bedroom.

Outside

Rear garden.

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £550 per calendar month. The two cottages enjoy a communal front garden which also provides off road parking.

The Land

To the north and rear of the two cottages lies an area of land with the entire plot (including the two cottages) extending to 0.53 hectares (1.33 acres). There is a gate to the land located to the rear of number 1 Digges Cottage.

Local Planning Authority

Canterbury City Council. Tel: 01227 862178. Website: canterbury.gov.uk.

Auctioneer's Note

Please respect the neighbours when viewing the cottages/land externally. Also, please do not park in driveways and do not contact the tenants of the cottages direct and please respect their privacy.

Freehold with Part Vacant Possession

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/