*Guide | £40,000+ (plus fees)
- Apartment
- Tenure: Leasehold. The property is held on a 125 year lease from 2006 (thus approximately 114 years unexpired).
Call the team on 020 7625 9007 for more information
A First Floor Studio Flat
The property comprises a first floor studio flat within a converted terraced building arranged over ground and upper floors.
Tenure
Leasehold. The property is held on a 125 year lease from 2006 (thus approximately 114 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Dane Park and Hartsdown Park are both within easy reach. The coast is just 500 meters away. Transport links are provided by Margate rail station.
Accommodation
First Floor Studio Room Kitchen Bathroom with WC & wash basin
The LHA rates for a studio property in this postcode is £73.27 per week. Thus potential income of £3,810.04 per annum (source: https://lha-direct.voa.gov.uk)
Viewing Details
Friday 7th July 11:00 - 11:30 Monday 10th July 12:00 - 12:30 Saturday 15th July 15:00 - 15:30
Vendor Header
On the Instructions of
Addendum
Please note that this property is subject to a Buyers Premium of £150 + VAT. This is in addition to the buyer's admin fee of £650 + VAT charged by the auctioneers.
Energy Efficiency Rating (EPC)
Current Rating F
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.
