1 bedroom Flat in Ramsgate

10 Lancaster Close, Ramsgate, Kent CT12 6PD
  • Lot No: 205
  • Property Type: Flat
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £75,000+ plus fees

Result Sold Prior to Auction

Property Description

A one bedroom first floor flat in popular location. Located in an a convenient location with a good range of local amenities and within one mile of Ramsgate Train Station and two miles of the Marina and Beach. An ideal first time buy or buy to let investment. Requiring some modernisation but with potential to be a lovely home. Estimated rental value of £750 pcm / £9000 per annum. We are informed the property will be sold with a new 125 year lease. Peppercorn ground rent and service charge of £1368 Per annum.

Outside:

Well maintained communal gardens with lawn and stocked flower beds. Lockable Store.


Leasehold Information

We are informed the property will be sold with a new 125 year lease. Peppercorn ground rent and service charge of £1368 per annum. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.


Note

Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.


Draft Sales Details

These sales details are awaiting vendor approval.


Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 30th November 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

10 Lancaster Close, Ramsgate, Kent CT12 6PD