Lot 70 Freehold Block Of Flats For InvestmentAuction Date:
28th July 2022
11 Ramsgate Road, Broadstairs, Kent, CT10 1QQ
Currently let at £18,393.60 per annum
A four storey property located in a good position in the popular seaside town of Broadstairs. Currently arranged as three self-contained flats and a short walk from Viking Bay, local amenities and Broadstairs mainline railway station.
The property is believed to be under-let and would benefit from rent reviews or may be suitable for an alternative scheme such as Air B&B/ Holiday let, subject to all necessary consents being obtainable. There are double glazed windows and a gas heating system via radiators.
Ground Floor
Communal entrance.
Flat 1
Entrance hall, kitchen, living room and W.C
Lower Ground Floor
Two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £670 per calendar month.
First Floor
Flat 2
Entrance hall, living room/kitchen, bedroom with en-suite shower room with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £475 per calendar month.
Second Floor
Flat 3
Entrance hall, living room/kitchen, bedroom with en-suite shower room with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £387.80 per annum.
Local Planning Authority
Thanet District Council. Tel: 01843 577000. Website: thanet.gov.uk.
Council Tax Band A
Viewing
External only.
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
