Lot 129 Freehold Block Of Flats Producing Good IncomeAuction Date:
22nd March 2023
28/29 Hawley Square, Margate, Kent, CT9 1PH
Currently let at £56,820 per annum, plus vacant flat
An attractive five-storey period block of flats conveniently located for Margate's town centre, seafront and a short distance from the mainline railway station. The property is arranged as eight self-contained flats which are all well proportioned, varying in size.
The large end-terrace building which has period features, has been well maintained with clean and tidy communal areas. There are a mixture of one and two bedroom flats with a mix of gas and electric heating and individual meters.
Lower Ground Floor
Private entrance, entrance hall, kitchen/dining room, living room, two bedrooms and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £780 per calendar month.
Ground Floor
Communal entrance.
Flat 2
Entrance hall, living room/kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £640 per calendar month.
Flat 3
Entrance hall, living room/kitchen, bedroom and shower room with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £600 per calendar month.
Flat 4
Ground Floor
Entrance hall and bathroom with W.C.
First Floor
Living room and bedroom.
Second Floor
Kitchen.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £675 per calendar month.
First Floor
Flat 5
Entrance hall, kitchen/dining room, living room, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £625 per calendar month.
Second Floor
Flat 6
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £675 per calendar month.
Flat 7
Entrance hall, living room, bedroom and bathroom with W.C.
Third Floor
Kitchen/dining room and bedroom.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £740 per calendar month.
Third Floor
Flat 8
Entrance hall, kitchen/living room, two bedrooms, bathroom and separate W.C.
Tenancy
Currently vacant but the potential to rent for £925 per calendar month.
Outside
Communal garden with rear access.
Council Tax Band
All the flats have a Council Tax Band A.
Viewing
Viewing is strictly by prior appointment with Clive Emson Auctioneers.
There is an addendum available to be read
in conjunction with the legal documentation.
Joint Agents
Cooke & Co
01843 231833
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
