Lot 123 Freehold Investment Of Four FlatsAuction Date:
14th December 2022
4 Cobbs Mews, Christ Church Road, Folkestone, Kent, CT20 2SS
On the instructions of the Power of Attorney
Currently let at £17,750 per annum - In the same family ownership for approximately 140 years
Situated in Christ Church Road, in a mews-style development, is this freehold block of four flats, let on a commercial lease from 1st December 2014 at a current rental of £17,750 per annum.
The building lies on the periphery of the town centre, yet within walking distance to both the town and Folkestone Central mainline railway station.
The four self-contained flats, each have a gas heating system via radiators, and the majority of windows are double-glazed.
Ground Floor
Communal entrance hall giving access to all four flats, laundry room.
Flat 4A
Bed/living room with open arch to kitchen and shower room/W.C.
Flat 4B
Entrance hall, living room, kitchen, bedroom and wet room/W.C.
First Floor
Landing.
Flat 4C
Entrance hall, living room, kitchen, bedroom, bathroom/W.C. and store room.
Flat 4D
Bed/living room with open arch to kitchen and shower room/W.C.
Council Tax Bands
Flats A-D All Band A.
Tenancy
The entire block is let under the terms of a 10-year lease from 1st December 2014 at a current rental of £17,750 per annum which we understand is paid monthly.
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
