Lot 140 Seafront Block Of Six Flats On Good Size PlotAuction Date:
24th July 2024
17 Sea Road, Westgate-on-Sea, Kent, CT8 8SA
Currently let at £57,180 per annum
An attractive seafront block comprising six flats located in Westgate-on-Sea, close to local amenities and the mainline railway station. The flats are arranged over three floors plus a vacant basement which may offer potential for an additional flat, subject to all necessary consents being obtainable. The building sits on a good size plot with parking to the front and there may be potential for further development to the rear, again, subject to all necessary consents being obtainable.
There are uninterrupted sea views to the front and, although the majority of flats could do with updating, some have modern fitted kitchens and all have double glazed windows and a gas heating system.
It is considered there may be potential to increase the current rents, or the new owner may choose to sell these desirable seafront flats individually.
Site Measurements
The entire site extends to 0.14 hectares (0.35 acres).
Basement
Several store rooms.
Ground Floor
Communal entrance.
Flat 1
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £795 per calendar month.
Flat 2
Entrance hall, living room, kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £875 per calendar month.
First Floor
Flat 3
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £795 per calendar month.
Flat 4
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £775 per calendar month.
Second Floor
Flat 5
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £775 per calendar month.
Flat 6
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £750 per calendar month.
Outside
Off-road parking to front, side access to large rear garden.
Viewing
External only.
Each Flat Council Tax Band A
Local Planning Authority
Thanet District Council. Tel: 01843 577000. Website: thanet.gov.uk.
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
