Lot 36 Freehold Commercial And Residential Investment In Central LocationAuction Date:
18th September 2024
1 West Terrace, Folkestone, Kent, CT20 1RR
Currently let at £39,600 per annum - Plus vacant commercial parts
West Terrace lies between The Leas and Sandgate Road which is one of the main shopping areas of central Folkestone. The property lies close to various retailers and restaurants, adjacent to the former Barclays Bank with McDonalds and Iceland opposite.
1 West Terrace comprises three self-contained one-bedroom flats, all let on Assured Shorthold Tenancy Agreements with the lower ground floor and upper ground floor (part let) being commercial premises with communal kitchen and toilet facilities.
Upper Ground Floor
Own entrance, two rooms with a further door leading to communal hallway and stairs.
Tenancy
Currently vacant.
Lower Ground Floor
Communal hallway with stairs accessing all floors, communal kitchen and two W.C.s.
Front Office
Office room.
Tenancy
Let under a Licence Agreement at £600 per calendar month.
Rear Rooms
Three rooms with potential to create a one-bedroom flat, subject to all necessary consents being obtainable.
Tenancy
In the process of being let on a Licence Agreement at £900 per calendar month.
First Floor
Landing
First Floor Flat
Entrance hall, living room with bay window, kitchen, bedroom and bathroom.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £600 per calendar month.
Council Tax Band A
Second Floor
Landing
Second Floor Flat
Entrance hall, living room, kitchen, bedroom, bathroom and separate W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £600 per calendar month.
Council Tax Band A
Third Floor
Landing
Third Floor Flat
Entrance hall, open plan living room/kitchen, bedroom and bathroom.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £600 per calendar month.
Council Tax Band A
Auctioneer's Note
At the time of publication the Auctioneer's have been unable to internally inspect all the property. The accommodation details for each flat has been deduced from floor plans and interested applicants are strongly advised to rely on their own investigations to verify the information provided.
Local Planning Authority
Folkestone & Hythe District Council. Tel: 01303 853538. Website: folkestone-hythe.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
