Lot 71 Freehold Block Of Flats For InvestmentAuction Date:
18th September 2024
9 Edgar Road, Cliftonville, Margate, Kent, CT9 2EE
Currently let at £41,175 per annum
A four storey bay fronted property located in Margate's town centre close to the sea front, local amenities and a short distance from the popular Old Town. It is arranged as four self-contained two-bedroom flats all currently let producing a good rental income.
Lower Ground Floor
Private entrance, entrance hall, two-bedrooms, living room, kitchen and bathroom with W.C.
Outside
Rear courtyard.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £850 per calendar month.
Ground Floor
Communal entrance.
Flat 2
Entrance hall, living room, kitchen, two-bedrooms and bathroom with W.C.
Tenancy
Let on a Periodic Tenancy Agreement at a current rental of £915 per calendar month.
First Floor
Flat 3
Entrance hall, living room, kitchen, two-bedrooms and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £800 per calendar month.
Second Floor
Flat 4
Entrance hall, living room, kitchen, bedroom with en-suite shower room/W.C., further bedroom and bathroom with W.C.
Tenancy
Let on a Periodic Tenancy Agreement at a current rental of £866.26 per calendar month.
All Flats Council Tax Band A
Viewing
External only.
Auctioneer’s Note 1
We understand the sale will be subject to a 6 week completion.
Auctioneer's Note 2
At the time of publication the Auctioneers have been unable to internally inspect all the property. These details have been provided by the seller and interested applicants should rely on their own investigations to verify the information provided.
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
