Lot 116 Freehold Block Of Twelve Two-bedroom Flats For InvestmentAuction Date:
6th February 2025
Parisa House, Flats 1-12, 7-11 Addington Road, Margate, Kent, CT9 1NH
On the instructions of the Receivers
Currently let at £116,700 per annum - plus vacant flat
Key Features
A modern block of twelve two-bedroom flats located in Margate's town centre, close to local amenities as well as the popular Old Town and Margate's seafront. We understand the development was completed in 2018 and has a New Home Warranty which comes to an end in October 2029.
All the flats have a modern interior with bay windows to the front and the lower ground floor flats have access to paved terraces to the rear. There is a communal amenity area located to the rear of the property, as well as bin stores, which can be accessed from the front and the rear
via Carroway's Place.
7 Addington Road
Lower Ground Floor
Flat 1
Entrance hall, kitchen/living room, bedroom one to front, bedroom two to rear and bathroom with W.C.
Outside
Paved terrace to rear.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at current rental of £895 per calendar month.
Flat 2
Entrance hall, kitchen/living room, bedroom one to front, bedroom two to rear and bathroom with W.C.
Outside
Paved terrace to rear.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £895 per calendar month.
Ground Floor
Flat 3
Entrance hall, kitchen/living room to front, two bedrooms to rear and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £895 per calendar month.
Flat 4
Entrance hall, kitchen/living room to front, two bedrooms to rear and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £875 per calendar month.
First Floor
Flat 5
Entrance hall, kitchen/living room to front, two bedrooms to rear and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £875 per calendar month.
Flat 6
Entrance hall, kitchen/living room to front, two bedrooms to rear, bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at current rental of £875 per calendar month.
Second Floor
Flat 7
Entrance hall, kitchen/living room to front, two bedrooms to rear and bathroom with W.C.
Tenancy
Currently vacant.
Flat 8
Entrance hall, kitchen/living room to front, two bedrooms to rear and bathroom/W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £875 per calendar month.
11 Addington Road
Lower Ground Floor
Flat 1
Entrance hall, kitchen/living room, bedroom one to front, bedroom two to rear and bathroom with W.C.
Outside
Paved terrace to rear.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £895 per calendar month.
Ground Floor
Flat 2
Entrance hall, kitchen/living room to front, two bedrooms to rear and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £875 per calendar month.
First Floor
Flat 3
Entrance hall, kitchen/living room to front, two bedrooms to rear and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £895 per calendar month.
Second Floor
Flat 4
Entrance hall, kitchen/living room to front, two bedrooms to rear and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £875 per calendar month.
EPC Rating C for All Flats - except Flat 4, 7 Addington Road EPC Rating D
Council Tax Band A for All Flats
Auctioneer’s Note
We have been informed by the seller that there is the opportunity to purchase, by separate negotiation, draft leases and lease plans for the individual flats. Please contact the auctioneers for further information.
Viewing
External only.
Freehold with Part Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
Further Information
Jon Rimmer/Isla Wild
on 01622 608400
Viewings
Applicants may view the lot externally only
Legal Documents
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- Special Conditions
- Office Copy Entries
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- Environmental Search
- Tenancy Agreement(s)
- EPC
- Electrical Certificate
- Other Documentation
- Online Auctions Buying Guide
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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
