Lot 23 Flat For Improvement With Freehold And Vacant Basement With PotentialAuction Date:
13th December 2023
Flat D (Plus Freehold), Percy House, Percy Road, Cliftonville, Margate, Kent, CT9 2DR
A first floor three-bedroom flat to be sold with the freehold and a vacant basement which has five rooms at head height.
The property is situated close to Margate seafront and also includes three further flats which have been sold on long leases with 62 years remaining. The flat is in need of improvement, but has its own private entrance, high ceilings and well-proportioned accommodation.
The basement has its own access via the rear garden and has potential for a variety of schemes, subject to all necessary consents being obtainable.
Flat B
Tenure
Sold on a 99-year lease, from 19th December 1986, at a current ground rental of £50 per annum.
Flat C
Tenure
Sold on a 99-year lease, from 19th December 1986, at a current ground rental of £50 per annum.
Flat D (Vacant)
Ground floor and first floor entrance.
First Floor
Landing, kitchen/living room, three bedrooms, bathroom and separate W.C.
Council Tax Band A
Flat E - Tenure
Sold on a 99-year lease, from 19th December 1986, at a current ground rental of £50 per annum.
Basement
Five rooms.
Outside
Garden to rear.
Auctioneer's Note 1
The whole freehold interest is to be offered with three flats sold on long leases and Flat D vacant.
Auctioneer's Note 2
Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.
Auctioneer's Note 3
We understand each flat has a ground rental of £50 per annum, however, this has not been collected by the current owner.
Local Planning Authority
Thanet District Council. Tel: 01843 577000. Website: thanet.gov.uk.
Freehold with Part Vacant Possession
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
