Lot 2 Two-Bedroom Flat For Investment With Share Of FreeholdAuction Date:
5th May 2022
Flat 2, 40 Harold Road, Cliftonville, Margate, Kent, CT9 2HT
Currently let at £7,800 per annum
Situated close to local amenities and the seafront is this two-bedroom flat for investment, which comes with a share of the freehold.
The property is located on the ground floor of this mid-terrace block and is considered ideal for continued investment.
Ground Floor
Communal entrance.
Flat 2
Entrance hall, living room/kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £650 per calendar month. Further information will be available to download from the Clive Emson website.
Viewing
External only.
Tenure
Remainder of 99-year lease from 24th June 1990 at a current ground rent of £50 per annum. The property also has a 25% share of the freehold.
Council Tax Band A
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
