Lot 33 - Freehold Block For Investment
135 Ramsgate Road, Kent, CT9 4BJ
Guide Price: *
£145,000
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:
£229,000Bid history
87 bidsN
01/05/2024 11:19:03 - £229,000
A
01/05/2024 11:18:50 - £228,000
N
01/05/2024 11:13:53 - £227,000
See all 87 bids ▾
Guide Price* : £145,000 Plus
Currently let at £14,020 per annum
Pair of a three storey properties both up for auction to be offered as individual lots.
This building is divided into two flats and both have separate entrances, the building has an alleyway leading to a rear garden. Margate railway station, with its high-speed train service to London, is a short distance away.
Margate has a popular seafront and Old Town, therefore the flats could be used as holiday lets in the future. Alternatively, the flats could be sold off separately and we understand the current rentals are below market prices, so there could be potential to increase the yield. Each flat has its own meters, double glazing and a gas heating system via radiators.
135A Ramsgate Rd Lower Ground Floor Flat
Private lower ground floor entrance, entrance hall, living room, dining room, kitchen, utility room and bathroom with W.C.
First Floor
Bedroom.
Outside
Courtyard garden to the front and rear.
Council Tax Band A
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £540 per calendar month.
135B Ramsgate Rd
Upper Ground Floor Maisonette
Private upper ground floor entrance, entrance hall, living room, kitchen and bathroom with W.C.
Top Floor
Two rooms (front and rear bedrooms).
Outside
Courtyard garden to the rear.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £145 per week, the rent is paid every four weeks.
Council Tax Band A
Auctioneer’s Note
137 Ramsgate Road is also offered in the auction as Lot 64.
Summary
- Lot number
- 33
- Auction end
- 1st May at 11:24
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 4
- Bathrooms
- 2
- Council tax band
- Ask Agent
Summary
- Lot number
- 33
- Auction end
- 1st May at 11:24
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 4
- Bathrooms
- 2
- 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.
