Lot 24 - FREEHOLD BLOCK OF TWO RESIDENTIAL FLATS AND BASEMENT WITH POTENTIAL

Sold Prior

Currently let at £5,880 per annum Plus vacant one bedroom flat

An attractive property situated in the lower section of St Michaels Street. The building comprises a two- bedroom maisonette with its own entrance, let under the terms of an Assured Shorthold Tenancy Agreement, a vacant one bedroom flat, (again with its own entrance), which is in need of improvement, and a basement storage area which is let under a licence arrangement.

Basement

Access off Dover Road with roller shutter entrance leading to storage/garage comprising main storage area, rear room, two store rooms and W.C.

Tenancy

Let under a licence arrangement at a current rental of £50 per calendar month.

Ground Floor Flat

Own entrance via veranda/balcony. It has double glazed windows and a gas heating system via radiators. Living room, inner hall, kitchen, bedroom and shower room with W.C.

Tenancy

Currently vacant.

Maisonette

Own entrance. It has a gas heating system via radiators and the majority of windows are double glazed.

Ground Floor

Entrance hall with stairs to first floor.

First Floor

Living room, kitchen, bedroom and bathroom with W.C.

Second Floor

Bedroom and further room (no window).

Tenancy

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

Viewing

Viewing of the ground floor flat by arrangement with the Auctioneers.

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/