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For Sale By Auction | 12:00, 13 April 2017 | Lot 129

Flat 8, 124 High Street, Ramsgate, Kent, CT11 9UA

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Sold £51,500

  • Flat
  • 1 Bedroom
  • Tenure: Leasehold. The property will be held on a new 125 year lease.

Call the team on 020 7625 9007 for more information

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Auction Date

Thu 13/04/2017

Auction Time

12:00

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

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A Second Floor One Bedroom Flat Subject to a Periodic Tenancy Producing £5,200 per annum

The property comprises a second floor one bedroom flat situated within a converted semi-detached house arranged over ground and two upper floors.

Tenure

Leasehold. The property will be held on a new 125 year lease.

Location

The property is situated in Ramsgate amongst the local shops and amenities of High Street and just a short walk from the Marina and coastline. The open spaces of Ellington Park are also within easy reach. Transport links are provided by Ramsgate rail station.

Accommodation

Second Floor Reception Room with open plan Kitchen Bedroom Bathroom with WC & wash basin

Tenancy

The property is subject to a Periodic Tenancy at a rent of £100 per week.

Current Rent Reserved £5,200 per annum

Lot Type

Residential

Viewing Details

Open House Viewings: Monday 27th March 15:00-15:30 Wednesday 29th March 15:00-15:30 Friday 31st March 15:00-15:30 Monday 3rd April 15:00-15:30 Wednesday 5th April 15:00-15:30 Friday 7th April 15:00-15:30

Legal Pack Received

False

Addendum

The property is a one bedroom flat and not a studio as originally published

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information

Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.