Lot 20 Freehold Block Of Three Flats For InvestmentAuction Date:
13th December 2023
24 Canterbury Road, Margate, Kent, CT9 5BW
Currently let at £17,160 per annum
An attractive three storey block arranged as three large flats with some sea views from the top floor.
The property is located close to Margate's mainline railway station with high speed links to London as well as the popular seafront and Old Town, meaning it may lend itself to holiday lets.
There is potential for the apartments to be sold individually on long leases or continued investment with potential for rent increases.
Each flat has its own meter, double glazed windows and a gas heating system via radiators; there may be potential to increase the current rents.
Flat 1
Ground Floor
Entrance hall, living room (4.4m x 3.9m), bedroom (4.2m x 3.9m), kitchen (3.8m x 2.7m), bathroom with W.C. (2.7m x 2.7m). Cellar.
Outside
Garden to rear with lawn and patio.
Council Tax Band A
EPC - D
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £500 per calendar
month.
Flat 2
First Floor
Entrance hall, living room (4.4m x 3.9m), kitchen (2.7m x 1.9m), bedroom one (3.1m x 4.2m), bedroom two (2.1m x 2.8m) and bathroom with W.C.(1.9m x 1.8m).
Council Tax Band A
EPC - E
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £460 per calendar month.
Flat 3
Second Floor
Entrance hall, living room (4.4m x 3.9m), kitchen/diner (5.3 x 2.7m), bedroom one (4.2m x 3.9m), bedroom two (2.1m x 2.8m) and bathroom with W.C. (1.9m x 2.7m).
Council Tax Band A
EPC - C
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £470 per calendar month.
Local Planning Authority
Thanet District Council. Tel: 01843 577000. Website: thanet.gov.uk.
Auctioneer’s Note
The measurements have been provided by the Seller and interested parties should rely on their own investigations.
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
