Lot 89

FIVE SELF-CONTAINED FLATS FOR INVESTMENT WITH PLANNING PERMISSION FOR A SIXTH FLAT

9-11 Risborough Lane, Folkestone, Kent, CT19 4JH
9-11 Risborough Lane, Folkestone, Kent, CT19 4JH
Available At £650,000 + Fees

Currently let at £36,000 per annum

Viewing by arrangement with Clive Emson Auctioneers

A substantial freehold mid-terrace property situated close to the junction with Cheriton High Street allowing easy access into Folkestone with its mainline railway stations, amenities and shops.

The property is arranged as five self-contained flats and Planning Permission has been granted for a sixth lower ground floor flat.

Planning

Planning Permission has been granted by Folkestone & Hythe District Council, under reference Y16/0233/SH, dated 3rd March 2016, for the erection of a two storey extension to no. 9, a three and single storey rear extension and the removal of the existing shop fronts to facilitate the creation of six flats, subject to conditions.

A copy of the Planning Permission and accompanying documents may be downloaded from the Local Planning Authority website: folkestone-hythe.gov.uk. Tel: 01303 853538.

Existing Accommodation

Ground Floor

Two store areas and bin store.

Flats 1 & 2

Council Tax Band A

Each Comprising

Entrance, bedroom, open plan kitchen/living room and shower room with W.C.

First Floor

Council Tax Band A

Flats 3 & 4 Each Comprising

Entrance, bedroom, open plan kitchen/living room and shower room with W.C.

Second Floor

Flat 5

Council Tax Band A

Entrance, bedroom, open plan kitchen/living room and shower room with W.C.

Tenancy

Each flat is let on a five -year lease, from 28th February 2021, at a total rental in come of £36,000 per annum.

Proposed Accommodation

Lower Ground Floor

Flat 6

Entrance hall, bathroom with W.C., bedroom and open plan kitchen/living room.

Outside

Courtyard garden.

9-11 Risborough Lane, Folkestone, Kent
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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/