Guide Price = £125,000+

*For Sale By Online PublicAuction 17th April 2024 08:45 AM. To inspect the legal documents for this property go to our website to download the legal pack*

A Vacant Second Floor One Bedroom Flat

Tenure
Leasehold. The property is held on a 99 year lease from 1st June 1991 (thus approximately 66 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Margate Beach are within easy reach. Transport links are provided by Margate rail station.

Description
The property comprises a second floor one bedroom flat situated within a purpose built block arranged over lower ground, ground and three upper floors.

Accommodation
Second Floor
Reception Room
Kitchen
Bedroom
Bathroom

Accommodation
Exterior
The property benefits from communal gardens.Note
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.

Planning
EPC Rating
D

Viewing Schedule (No Booking Required)

Saturday 6 April 2024 11:00 AM - 11:30
Wednesday 10 April 2024 2:00 PM - 14:30
Monday 15 April 2024 12:00 PM - 12:30

This property is no longer available

Floorplans

1 bedroom flat for sale