Lot 73 Freehold Block Of Two Flats And A Maisonette For InvestmentAuction Date:
24th July 2024
35 Crescent Road, Ramsgate, Kent, CT11 9QX
Currently let at £24,900 per annum
A freehold four storey block arranged as two, one-bedroom flats and a three-bedroom maisonette, close to Ramsgate town centre with all of its amenities. The property requires some improvement and each flat has a gas heating system via radiators.
All flats are currently let and there may be the potential to increase the rents to a market rate.
Basement Flat
Private entrance, entrance hall, bedroom with bay window, living room, bathroom, kitchen and bathroom with W.C.
Outside
Garden to rear.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £750 per calendar month.
Upper Ground Floor
Communal entrance.
Middle Flat
Entrance hall, bedroom with bay window, living room/kitchen and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £475 per calendar month.
Top Flat
Access on upper ground floor.
Mezzanine Level
Bathroom with W.C.
First Floor
Kitchen and living room.
Second Floor
Three rooms.
Tenancy
Let under the terms of an Assured Shorthold Tenancy at a current rental of £850 per calendar month.
Council Tax Band A - All Flats
Viewing
External only.
Auctioneer's Note
At the time of publication the Auctioneer has been unable to internally inspect the middle flat.
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
