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Studio flat for sale

42-60 (evens), Creine Mill Lane North, Canterbury, Kent

Guide Price* £50,000

Property Description

Key features

  • For sale by auction
  • Ground Rent

Full description

Tenure: Freehold

Lot 57 - This lot is for sale by auction as lot 57 on 15th December 2016.

A Freehold Ground Rent Investment secured upon a Building internally arranged to provide Ten Self-Contained Flats


Tenure
Freehold.

Location
The property is situated on the west side of Creine Mill Lane North, to the west of its junction with Old Watling Street. An extensive range of local shops and amenities is available in Canterbury city centre. Road communications are afforded by the A28, which links with the A2(M), whilst Rail services run from Canterbury East Station with a journey time to London Victoria and Charing Cross of approximately 1 hour 40 minutes. The open spaces of Greyfriars Gardens are within walking distance.

Description
The property comprises a freehold ground rent investment secured upon a mid terrace building arranged over ground, first and second floors beneath a pitched roof. Internally, the property is arranged to provide ten self-contained flats.

Tenancy
Each of the flats is subject to a lease for a term of 125 years from 1st September 2005 (thus having approximately 114 years unexpired) at a current rent of £260.64 per annum, increasing on the 1st September 2018 and every 5 years thereafter in line with RPI. NB. The Lessees have NOT elected to take up their rights of pre-emption under the terms of the Landlord & Tenant Act 1987. NB. The management company repairs and the freeholder insures.

Total Current Rent Reserved


£2,606.40 per annum


Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'TBA', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at www.auction.co.uk. Please check regularly for updates. Lots may be sold or withdrawn prior to auction.

Listing History

Added on Rightmove:
26 November 2016

Nearest stations

  • Canterbury East (0.3 mi)
  • Canterbury West (0.4 mi)
  • Sturry (2.6 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Allsop , Auction

33 Wigmore Street , London, W1U 1BZ

020 8012 1518 Local call rate

How much will it cost me to call the number displayed on the site?

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Map & Street View

Nearest stations

  • Canterbury East (0.3 mi)
  • Canterbury West (0.4 mi)
  • Sturry (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Allsop , Auction

33 Wigmore Street , London, W1U 1BZ

020 8012 1518 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 970000111. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Allsop , Auction. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*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 Allsop , Auction on 0207 494 3686.


Map data OpenStreetMap contributors.