2 bed Flat For Sale £125,000
Summary
auction sale 22 June 2021 - This property will be sold at auction to the best bid (subject to reserve). Auctions are an exciting and the most certain way you can buy. We hold sales every month. If you are buying for your occupation, development or investment we have lots for you to see.
Description
Long leasehold top floor self-contained flat with direct sea views and share of freehold
Investment
3D Tour: Click Here
Location:
The property is situated on the corner of King Street and the Parade opposite the Margate harbour and Turner Gallery. The flat is well positioned to access Margate old town and Dreamland. Public transport links include Margate high speed rail station which can be found nearby together with National Express coach services and a network of local bus services serving the surrounding vicinity. Road links include the A28 which links to the A299 which in turn links to the M2 and M25 Motorways. An extensive range of
antique shops, art galleries, bric-a-brac shops, bars and restaurants can be found locally within Margate’s old town, High Street and surrounding areas. Dover Port and the Channel Tunnel are also accessible. Margate has recreational pursuits along the coast front and nearby bays, Margate beach and Dane Park
Description:
Long leasehold top floor self-contained flat with direct sea views and share of freehold. The bock is self-managed by the freeholders. The property may be suitable for owner occupier, rental or Air BnB
Accommodation:
Top floor: Two bedrooms, reception room, kitchen, bathroom/WC, entrance hallway
EPC rating: E
Tenancy:
The property is let on an assured shorthold tenancy agreement (AST) for a term of 6 months from and including 21st August 2020 (holding over) at a rent of £550 per calendar month. The tenant is aware he may be given notice to vacate by the new owners.
Rent reserved:
£6,600 per annum
Lease:
Held on a long lease for a term of 125 years from 29 September 1987 (Thus having approximately 91 years remaining) together with share of freehold.
To view: Please contact our office
By appointment only - Call us on to pre-book
Face covering must be worn
Important Notice:
For each Lot, a contract documentation fee of £1,150 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
auction sale 22 June 2021 - This property will be sold at auction to the best bid (subject to reserve). Auctions are an exciting and the most certain way you can buy. We hold sales every month. If you are buying for your occupation, development or investment we have lots for you to see.
Description
Long leasehold top floor self-contained flat with direct sea views and share of freehold
Investment
3D Tour: Click Here
Location:
The property is situated on the corner of King Street and the Parade opposite the Margate harbour and Turner Gallery. The flat is well positioned to access Margate old town and Dreamland. Public transport links include Margate high speed rail station which can be found nearby together with National Express coach services and a network of local bus services serving the surrounding vicinity. Road links include the A28 which links to the A299 which in turn links to the M2 and M25 Motorways. An extensive range of
antique shops, art galleries, bric-a-brac shops, bars and restaurants can be found locally within Margate’s old town, High Street and surrounding areas. Dover Port and the Channel Tunnel are also accessible. Margate has recreational pursuits along the coast front and nearby bays, Margate beach and Dane Park
Description:
Long leasehold top floor self-contained flat with direct sea views and share of freehold. The bock is self-managed by the freeholders. The property may be suitable for owner occupier, rental or Air BnB
Accommodation:
Top floor: Two bedrooms, reception room, kitchen, bathroom/WC, entrance hallway
EPC rating: E
Tenancy:
The property is let on an assured shorthold tenancy agreement (AST) for a term of 6 months from and including 21st August 2020 (holding over) at a rent of £550 per calendar month. The tenant is aware he may be given notice to vacate by the new owners.
Rent reserved:
£6,600 per annum
Lease:
Held on a long lease for a term of 125 years from 29 September 1987 (Thus having approximately 91 years remaining) together with share of freehold.
To view: Please contact our office
By appointment only - Call us on to pre-book
Face covering must be worn
Important Notice:
For each Lot, a contract documentation fee of £1,150 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.
The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.
Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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