Lot 4 Freehold Block Of Six Flats For Investment With Harbour/sea ViewsAuction Date:
26th July 2023
4 The Parade, Folkestone, Kent, CT20 1SL
Currently let at £32,880 per annum
An attractive four storey mid-terrace property arranged as six flats which are all let. We understand the building has a new roof, and the outside has recently been decorated. The property is well located for Folkestone town centre and has good links to Folkestone's popular harbour as well as The Old High Street.
Ground Floor
Flat 1
Living room, bedroom, kitchen and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £450 per calendar
month.
flat 1A
Entrance hall, living room/bedroom, kitchen and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £440 per calendar month.
First Floor
Flat 2
Entrance hall, living room/bedroom, kitchen and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £360 per calendar month.
Flat 3
Living room, bedroom, kitchen and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £500 per calendar month.
Second Floor
Flat 4
Living room, bedroom, kitchen and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £500 per calendar month.
Third Floor
Flat 5
Living room, bedroom, kitchen and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £490 per calendar month.
Auctioneer’s Note
At the time of publication the Auctioneer has been unable to internally inspect the property. Interested parties are advised to make their own enquiries.
Each Flat 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
