Lot 100 First Floor Balcony Flat - Residential InvestmentAuction Date:
16th June 2022
Flat 3, 5 Albert Road, Ramsgate, Kent, CT11 8DR
Currently let at £5,460 per annum
A first floor balcony apartment located in 5 Albert Road, part of a row of Grade II listed buildings in the Italian gothic style, built circa 1860 and attributed to Edward Welby Pugin.
The apartment itself has a gas heating system via radiators and is let under the terms of an Assured Shorthold Tenancy Agreement, the tenant having being in occupation since 1993.
First Floor
Entrance hall, living room with bay window, arch to kitchen, bedroom with steps down to bathroom/W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £105 per week.
Tenure
Remainder of a 125-year lease, from 29th September 1988, at an initial ground rent of £30 per annum rising to £150 per annum.
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
