miles
Lot 6

FLAT FOR INVESTMENT PLUS SHARE OF THE FREEHOLD AND VACANT GARAGE EN BLOC

Flat 1, Guildhall Court, 88-94 Guildhall Street, Folkestone, Kent, CT20 1EQ
Flat 1, Guildhall Court, 88-94 Guildhall Street, Folkestone, Kent, CT20 1EQ
Residential Investment - FolkestoneResidential Investment - Folkestone - Kent - General view of front of blockResidential Investment - FolkestoneResidential Investment - Folkestone - Kent - General view rear of blockResidential Investment - FolkestoneResidential Investment - Folkestone - Kent - General view of garages
Guide Price £80,000 – £85,000 * + Fees

Currently let at £6,900 per annum - Plus vacant garage en bloc

Applicants may view the lot externally only

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Legal Documentation
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Situated on the ground floor of a purpose-built block in Guildhall Street, within walking distance of Folkestone mainline railway station, the town centre and harbour beyond, this flat has a gas heating system via radiators and double glazed windows. It is let under the terms of an Assured Shorthold Tenancy.

Accommodation

Entrance hall with walk-in cupboard, living room, kitchen, bedroom and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £575 per calendar month.

Outside

Vacant garage en bloc.

Tenure

Remainder of a 999-year lease, from 24th June 1972, at a current ground rental of £100 per annum.

Auctioneer's Note

We understand a one third share of the freehold, owned by Guildhall Court Ltd will be included in the sale.

Council Tax Band B

Viewing

External only. Interested parties are requested not to contact the tenant direct.

Flat 1, Guildhall Court, 88-94 Guildhall Street, Folkestone, Kent

The map and satellite images are based on postcode information and are available for for directions only. The may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.

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 cliveemson.co.uk/buyers-fees/