Lot 107 Freehold Investment- One-bedroom Garden Flat And Two Ground RentsAuction Date:
14th December 2022
16 Marten Road, Folkestone, Kent, CT20 2JR
On instructions of the Trustees
Currently let at £6,600 per annum
An attractive freehold property arranged as three flats. There is a one-bedroom garden flat which has a cellar, some double glazed windows and a gas heating system via radiators, and is let under the terms of an Assured Shorthold Tenancy. Flats 2 and 3 have both been sold on long leases.
The property itself lies in a popular road within walking distance of local shops in Cheriton and within approximately half a mile of Folkestone West railway station and approximately three-quarters of a mile of Folkestone Central mainline railway station, both providing access to London (including HS1 (High Speed)). The town of Folkestone is also within close proximity providing further facilities.
Flat 1 (A)
Ground Floor - Garden Flat
Entrance hall, living room, bedroom with door to garden, kitchen and bathroom/W.C. Cellar.
Outside
Rear garden.
Council Tax Band B
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £550 per calendar month.
Flat 2
Tenure
Sold on a 189-year lease, from and including 29th September 1980, at a current annual ground rental of a peppercorn (if demanded).
Flat 3
Tenure
Sold on a 189-year lease, from and including 29th September 1980, at a current annual ground rental of a peppercorn (if demanded).
Auctioneer's Note
Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served on Flats 2 & 3 and the leaseholders have not reserved their rights under the legislation.
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
