Lot 107 Detached Block Of Flats With Potential For ExtensionAuction Date:
2nd November 2022
40 Albert Road, Ramsgate, Kent, CT11 8DW
Currently let at £14,700 per annum - Plus vacant two-bedroom flat
A detached property arranged as three two-bedroom flats situated in a good location on the corner of Albert Road and Bellevue Road.
There is potential to extend both to the side and rear to utilise the generous plot size, subject to all necessary consents being obtainable. The property is well located for Ramsgate's town centre with all its amenities as well as the seafront and the Royal Marina. The property could do with some improving but offers a good rental opportunity.
Ground Floor
Communal entrance.
Flat 1
Entrance hall, living room two bedrooms, kitchen and bathroom with W.C.
Basement
One room.
Outside
Private garden.
Tenancy
Currently vacant, with potential rent of £800-£850 per calendar month.
Council Tax Band B
First Floor - Flat 2
Entrance hall, kitchen/living room, two bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £600 per calendar month.
Council Tax Band B
Flat 3
Entrance hall and bedroom.
Second Floor
Landing, living room/kitchen, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £625 per calendar month.
Council Tax Band A
Outside
Parking to side and rear.
Local Planning Authority
Thanet District Council. Tel: 01843 577000. Website: thanet.gov.uk.
Freehold with Part Vacant Possession
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
