Lot 129 Freehold Residential InvestmentAuction Date:
24th July 2025
Park Lodge, Montefiore Avenue, Ramsgate, Kent, CT11 8BD
Currently let at £20 per annum, plus vacant three-bedroom house
Key Features
A period property consisting of three houses in a nice location adjacent to the King George VI Memorial Park, equidistant between Ramsgate and Broadstairs town centres and a short distance from the Dumpton Park railway station. Two of the houses have been sold off on long leases and pay a ground rent of £10 each per annum, and the remaining vacant property is an end-terrace three-bedroom house.
The building is quirky and unusual, has a gas heating system via radiators but is now in need of complete refurbishment.
1 Park Lodge
Ground Floor
Entrance hall, former kitchen and living room.
First Floor
Landing, three bedrooms and wet room with W.C.
Outside
Garden to rear.
EPC Rating D
Council Tax Band B
2 Park Lodge
Tenure
Sold on a 125-year lease from 2nd July 2007 at a current ground rental of £10 per annum.
3 Park Lodge
Tenure
Sold on a 125-year lease from 1st August 1988 at a current ground rental of £10 per annum.
Auctioneer's Note
Following completion of the sale, the new owner will be required to have the locks changed for the property.
Viewing
To locate the property, drive all the way to the end of Montefiore Avenue, head through the black gates into the King George VI Park and then immediately round to the left through the gate which says Private and the property is on the left.
Freehold with Part-Vacant Possession
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
