Property description

For sale by Modern Method of Auction; Starting Bid Price £110,000 plus Reservation Fee.

Miles and Barr are delighted to present this one-bedroom apartment located in Northdown Road. The property comprises of a light and spacious bay fronted lounge to the front of the property having a lovely view down Edgar Road to the Sea. A large bedroom with en-suite, and separate kitchen down the hallway. The property is ready to go and ideal for any investors looking to add to their portfolio!

The property is well located being situated on Northdown Road with direct access to local amenities and bus routes including only a short walk to Margate's Old Town, Historic Dreamland, Blue Flag Sandy Beaches and Highspeed Rail Links. Please call Miles & Barr 7 days a week to arrange your internal viewings.

This property is for sale by “Regional Auction name powered by iamsold Ltd” or “iamsold Ltd”

Cliftonville is a coastal area in the town of Margate, situated to the east of the main town and mainly occupies Georgian and Victorian properties. The area itself is within easy walking distance of the 'Margate Old Town', Turner Contemporary Art Gallery and the Margate railway station which is approximately 2 miles away and offers fast services to Kings Cross, St. Pancras. There are also good road links to London via the A299 Thanet Way and M2 Motorway.

Entrance

Lounge (4.70m x 5.11m (15'5 x 16'9))

Kitchen (3.84m x 1.70m (12'7 x 5'7))

Bedroom & En Suite (4.17m x 3.51m (13'8 x 11'6))

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Amenities

Investment Property

High Street Location

Tenant-In-Situ

Strong Yield Potential

Close to Local Amenities

Walking distance to Margate