Northumberland Avenue, Margate, Kent, CT9 3BS

£40,000 Guide Price

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For Sale at our upcoming auction

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Property Details

Full description
Tenure: Leasehold
£40,000 - £45,000 * Buyers Premium Applies *

For sale by public auction (unless sold prior) on 06/12/2019.
Auction venue: Holiday Inn Gatwick, Povey Cross Road Surrey, Gatwick RH6 0BA.

Registration 12:15-12:45
Auction Commences at 13:00. The legal pack can be downloaded from our website.

Description:
Exclusive Apartment Building. Ideal for owner occupier or as investment.Currently Rented on AST £4,500 Per Year with 11.25% Gross Yield Per Annum.

Accommodation:
Open plan studio, with separate bathroom.

Location:
Seafront, Palm Bay Area of Margate

Viewing:
Saturday 30th November 2019 - Strictly By Appointment Only

UNCONDITIONAL LOT
Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a deposit of 10% and buyer's premium of £6,000 inc of VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 or 42 days following the auction (unless otherwise stated).