THREE BEDROOM SEA VIEW APARTMENT
11H Arlington House, MARGATE, CT9 1XP
- 2
Key features
Guide Price: *
£68,200
Fees apply
Buyer's fee:£3,600
All fees include VAT at 20%
Holding Deposit: *£1,400
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£68,200Bid history
1 bidS
11/06/2024 14:10:41 - £68,200
THREE BEDROOM SEA VIEW APARTMENT FOR INVESTMENT
Cash buyers only. Located on the eleventh floor this three bedroom purpose-built apartment affords views across Dreamland Amusement Park and Margate's Main Sands and out to sea. The apartment is situated within an iconic sea front building, close to the town's main-line railway station with easy access to London via the Hi-speed rail link. The town centre with a good selection of shops and the Old Town with its eclectic selection of trendy bars & restaurants are all just a short stroll away.
The property is currently let on an AST at £400 per calendar month and benefits from residents parking and an on-site caretaker.
11H - Located on the eleventh floor with an easterly aspect. Comprising kitchen (2.89m x 2.03m), living room (4.34m x 3.40m), 3 bedrooms (3.62m x 2.71m), (2.91m x 2.71m), (2.92m x 2.23m) and bathroom/W.C. The property is being sold with the remainder of a 114 year lease which commenced 1st October 1961 (approximately 51 years remaining).
Ground Rent: Currently set at £40 per annum, rising to £80 per annum.
EPC Band D.
Currently let on an AST at £400 per calendar month (£5,400 per annum).
The latest service charge documentation is available to download with the auction pack.
Please visit the Terence Painter website at terencepainter.co.uk and click 'Online Auctions' . In order to bid you will need to first register and verify your email. Then, via the dashboard:
* pass an ID check
* enter your card details (for your deposit payment should your bid be successful)
* enter your solicitor details
* Join the watchlist
Summary
- Auction end
- 11th Jun at 14:40
- Property type
- Residential
- Tenure
- Leasehold
- Bedrooms
- 3
- Bathrooms
- 1
- Council tax band
- A
Summary
- Auction end
- 11th Jun at 14:40
- Property type
- Residential
- Tenure
- Leasehold
- Bedrooms
- 3
- Bathrooms
- 1
- Council tax band
- A
This property is being sold by:
Terence Painter - Kent
01843 866866
44 High Street, Broadstairs, Kent, CT10 1JT
†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 Terence Painter Online Auction 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.
Refreshing the Page
To make sure that you are seeing the latest information for the property, we recommend you refresh the page. This ensures you're seeing live information and not stored (cached) data. If the page disconnects from the Internet, refreshing the page will show the latest information.
Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Terence Painter Online Auction. 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.
