Lot 20 - Freehold Block Of Three Flats For Investment

24 Canterbury Road, Kent, CT9 5BW

SOLD

Guide Price: *

£210,000

Fees apply

Buyer's fee:Check legal pack

All fees include VAT at 20%

Holding Deposit: *£5,000

*Only charged if you are the successful buyer and goes towards the purchase price

Auction Type:

Traditional

Sold for:

£330,000

Reserve met

Bid history

122 bids

13/12/2023 12:37:17 - £330,000

13/12/2023 12:36:20 - £329,000

13/12/2023 12:32:28 - £328,000

See all 122 bids ▾

Description

Location

Floorplans

EPC

Legal docs

Guide Price* : £210,000 Plus

Currently let at £17,160 per annum

An attractive three storey block arranged as three large flats with some sea views from the top floor.

The property is located close to Margate's mainline railway station with high speed links to London as well as the popular seafront and Old Town, meaning it may lend itself to holiday lets.

There is potential for the apartments to be sold individually on long leases or continued investment with potential for rent increases.

Each flat has its own meter, double glazed windows and a gas heating system via radiators; there may be potential to increase the current rents.

Flat 1

Ground Floor

Entrance hall, living room (4.4m x 3.9m), bedroom (4.2m x 3.9m), kitchen (3.8m x 2.7m), bathroom with W.C. (2.7m x 2.7m). Cellar.

Outside

Garden to rear with lawn and patio.

Council Tax Band A

EPC - D

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £500 per calendar

month.

Flat 2

First Floor

Entrance hall, living room (4.4m x 3.9m), kitchen (2.7m x 1.9m), bedroom one (3.1m x 4.2m), bedroom two (2.1m x 2.8m) and bathroom with W.C.(1.9m x 1.8m).

Council Tax Band A

EPC - E

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £460 per calendar month.

Flat 3

Second Floor

Entrance hall, living room (4.4m x 3.9m), kitchen/diner (5.3 x 2.7m), bedroom one (4.2m x 3.9m), bedroom two (2.1m x 2.8m) and bathroom with W.C. (1.9m x 2.7m).

Council Tax Band A

EPC - C

Tenancy

Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £470 per calendar month.

Local Planning Authority

Thanet District Council. Tel: 01843 577000. Website: thanet.gov.uk.

Auctioneer’s Note

The measurements have been provided by the Seller and interested parties should rely on their own investigations.

Summary

Lot number: 20
Auction end: 13th Dec at 12:42
Property type: Residential
Tenure: Ask Agent
Bedrooms: 5+
Bathrooms: 1
Council tax band: Ask Agent

Summary

Lot number: 20
Auction end: 13th Dec at 12:42
Property type: Residential
Tenure: Ask Agent
Bedrooms: 5+
Bathrooms: 1
Council tax band: Ask Agent

This property is being sold by:

Clive Emson Auctioneers

0345 8500333

Rocky Hill, London Road, Maidstone, Kent, ME16 8PY

^†Traditional auction

Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.

* Pricing Information

The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.

Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.

Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.

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Disclaimer

All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.

These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.