For Sale By Auction | 12:00, 31 October 2017 | Lot 117

Flat E Basement Flat, 122 Folkestone Road, Dover, Kent, CT17 9SP

Sold £31,000

  • Apartment
  • Tenure: Leasehold. The property is held on a 125 year lease from 28th July 2005 (thus approximately 113 years unexpired).

Call the team on 020 7625 9007 for more information

Auction Date

Tue 31/10/2017

Auction Time

12:00

Auction Venue

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

A Basement Studio Flat

The property comprises a lower ground floor studio flat situated within a purpose built building arranged over lower ground and three upper floors. The property requires a program of refurbishment.

Tenure

Leasehold. The property is held on a 125 year lease from 28th July 2005 (thus approximately 113 years unexpired).

Location

The property is situated in the heart of Dover close to local shops and amenities. The open spaces of Pencester Gardens are within easy reach. Transport links are provided by Dover Priory rail station.

Accommodation

Lower Ground Floor Studio Room with Open Plan Kitchen Bathroom with WC & wash basin

The LHA rates for a 1 bedroom property in this postcode is £59.09 per week. Thus potential income of £3,072.68 per annum (source: https://lha-direct.voa.gov.uk)

Vendor Header

On the Instructions of

Sellers Solicitor Invoice Number

17655

Purchaser Fee Invoice Number

17656

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.

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.