Lot 24 Two-bedroom Flat For InvestmentAuction Date:
26th July 2023
Flat 15, 1-3 Athelstan Road, Margate, Kent, CT9 2BD
Currently let at £9,600 per annum
A two-bedroom flat situated on the lower ground floor close to Margate town centre and the seafront. The flat, which is currently let, has a bay window to the front, double-glazed windows and a gas heating system via radiators.
Lower Ground Floor
Entrance hall, living room/kitchen, two bedrooms and bathroom with W.C.
Outside
Small courtyard to rear.
Tenancy
We understand that Section 13 has been served on the tenant, increasing the rental income to £800 per calendar month. Further information will be available to download from the Clive Emson website.
Tenure
Remainder of a 125-year lease from 25th December 2002.
Council Tax Band A
Viewing
External only.
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
