Property description

For sale by Modern Method of Auction; Starting Bid Price £160,000 plus Reservation Fee.

A rare opportunity to purchase a ground floor maisonette which is situated close to Ramsgate main seafront and close to town centre.
Offering excellent size accommodation and benefiting from entrance porch, living room, kitchen with built-in appliances, two double bedrooms, bathroom, central heating, double glazing and fitted carpet. Externally there is a low maintenance courtyard area to the rear.

Early viewing is recommended as we feel this property would be ideal for either a first time buyer or a buy to let investment property.

“Regional Auction name powered by iamsold Ltd” or “iamsold Ltd”

Ramsgate is situated on the southerly aspect of the Isle of Thanet and benefits the country’s only Royal Harbour, its status being granted by King George 1V in 1821. The distinctive and beautiful harbour has a vibrant yachting community alongside some commercial activity and was where the Little Ships evacuation of Dunkirk set out from in 1940. The town is enjoying something of a Renaissance with its large amount of Grade II Listed property, many set within elegant Regency squares, or overlooking the sea, others with links to or influenced by the architect Augustus Pugin. In recent years the Royal Harbour has seen many restaurants, cafes and bars emerge alongside quirky independent retail outlets, some utilising the arches on the quayside beneath Royal Parade. The town is steeped in history with associations to many well known figures including Queen Victoria, Karl Marx and Vincent Van Gogh as well as having a fascinating network of tunnels beneath the main centre. The fortunes of the town have been hugely assisted by the recent addition of a high speed rail link to London St Pancras making a commute for many a viable option.

Entrance

Bathroom (2.16m x 1.80m (7'01 x 5'11))

Bedroom One (3.28m x 3.71m (10'09 x 12'02))

Bedroom Two (3.23m x 2.84m (10'07 x 9'04))

Kitchen (3.02m x 3.38m (9'11 x 11'01))

Lounge (4.39m x 3.68m (14'05 x 12'01))

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

Two Bedrooms

Courtyard Garden

Close to Town

Minuets from the Sea Front

Sought after Area