Lot 140 - Seafront Block Of Six Flats On Good Size Plot
17 Sea Road, Kent, CT8 8SA
Guide Price: *
£975,000
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:
£975,000Bid history
1 bidM
16/07/2024 15:42:35 - £975,000
Currently let at £57,180 per annum
An attractive seafront block comprising six flats located in Westgate-on-Sea, close to local amenities and the mainline railway station. The flats are arranged over three floors plus a vacant basement which may offer potential for an additional flat, subject to all necessary consents being obtainable. The building sits on a good size plot with parking to the front and there may be potential for further development to the rear, again, subject to all necessary consents being obtainable.
There are uninterrupted sea views to the front and, although the majority of flats could do with updating, some have modern fitted kitchens and all have double glazed windows and a gas heating system.
It is considered there may be potential to increase the current rents, or the new owner may choose to sell these desirable seafront flats individually.
Site Measurements
The entire site extends to 0.14 hectares (0.35 acres).
Basement
Several store rooms.
Ground Floor
Communal entrance.
Flat 1
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £795 per calendar month.
Flat 2
Entrance hall, living room, kitchen, two bedrooms and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £875 per calendar month.
First Floor
Flat 3
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £795 per calendar month.
Flat 4
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £775 per calendar month.
Second Floor
Flat 5
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £775 per calendar month.
Flat 6
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £750 per calendar month.
Outside
Off-road parking to front, side access to large rear garden.
Viewing
External only.
Each Flat Council Tax Band A
Local Planning Authority
Thanet District Council. Tel: 01843 577000. Website: thanet.gov.uk.
Summary
- Lot number
- 140
- Auction end
- 16th Jul at 15:55
- Property type
- Detached
- Tenure
- Ask Agent
- Bedrooms
- 5+
- Bathrooms
- 3+
- Council tax band
- Ask Agent
Summary
- Lot number
- 140
- Auction end
- 16th Jul at 15:55
- Property type
- Detached
- Tenure
- Ask Agent
- Bedrooms
- 5+
- Bathrooms
- 3+
- 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.
