Lot 59 Seven Detached Holiday BungalowsAuction Date:
13th December 2023
57, 97, 101,115,118,152 & 166 Saddlebrook Park, Warden Bay Road, Leysdown-on-Sea, Sheerness, Kent, ME12 4LT
Currently let at £34,500 per annum - Plus three vacant holiday homes
Seven newly built brick bungalows situated on a holiday park in Leysdown-on-Sea which can be occupied for ten months of any calendar year.
All the units are well presented and will include all the kitchen appliances, with six of the properties having a parking space. Each bungalow is fully insulated, has under floor heating and gas heating.
Tenure
Remainder of 99-year leases from 3rd April 2021 at a current ground rental of £3,026 inclusive of VAT per annum. We understand there is a service charge of £1,719 inclusive of VAT per annum.
Auctioneer’s Note 1
We have been advised by the Seller that there are no written Tenancy Agreements in place.
We also understand Unit 152 has been let as an â€Airbnb’ since May 2023. The income from 26th May-28th November 2023 is £6,965.
Auctioneer’s Note 2
Copies of the site plan and leases will be available to download from the Clive Emson website.
Leasehold 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
