Block of Apartments for sale1-9 St Georges Place, Reach Road, St Margarets-At-Cliffe, Dover, Kent
Guide Price* £1,200,000
- For Sale by Public Auction at The Clive Emson Conference Centre
- Auction Date : 12 December 2016
- Lot Number : 25
- Stunning Unbroken Block Of Nine Residential Dwellings
- Residential Investment
- Current Rental : 40,020 Per Annum
- *Guide Price : £1,200,000 - £1,300,000
Full descriptionSituated off Reach Road in the heart of St Margarets-at-Cliffe, a popular village which lies between Dover and Deal, is this stunning unbroken block of nine residential dwellings comprising five three-bedroom houses and four one-bedroom flats.
Three houses and two flats are being offered subject to Assured Shorthold Tenancy Agreements, one house is subject to Statutory Tenants and one house and two flats are offered with vacant possession.
It is considered those properties let on Assured Shorthold Tenancies are underlet, with an estimated per calendar month rental of £800 for the houses and £500/£525 for the flats. Therefore, the block has an estimated full market rental of circa £70,000 per annum.
Freehold with Part Vacant Possession
Residential EPC: D
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Clive Emson Auctioneers, Maidstone on 0345 8500333.
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