Lot 20 - FREEHOLD RESIDENTIAL INVESTMENT

Sold £302,500

Currently let at £12,660 per annum

Albert Road lies between Hythe's West Parade seafront and St Leonards Road south of the town centre and Royal Military Canal.

No 48 is arranged as a two bedroom ground floor flat and a four bedroom maisonette both being let under the terms of Assured Shorthold Tenancy Agreements.

The ground floor flat has electric heating (not tested) and double glazed windows. The maisonette has a gas heating system via radiators and double glazed windows.

Ground Floor Flat

Entrance hall, living room, kitchen, two bedrooms and shower room with separate W.C.

{Outside

Rear Garden

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £460 per calendar month.

Maisonette

Ground Floor

Stairs to:

First Floor

Entrance hall/landing, living room, kitchen, bathroom and separate W.C. with study/bedroom four.

Second Floor

Landing and three further bedrooms.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £595 per calendar month (no increase in 10 years).

Auctioneer's Note

At the time of publication the Auctioneers have been unable to internally inspect the property. These details have been provided by the seller and interested applicants should rely on their own investigations to verify the information provided.

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/