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''For Sale By Public Auction 15th October 2024 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack''
A Vacant One Bedroom Ground Floor Flat
6 Week Completion Available
Tenure
Leasehold. The property is held on a 99 year lease from 1st January 1987 (thus approximately 61 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Folkstone Beach are within easy reach. Transport links are provided by Folkstone Centre rail station.
Description
The property comprises a ground floor one bedroom flat situated within a mid terrace building arranged over ground and two upper floors.
Accommodation
Ground Floor
Open Plan reception Room/Kitchen
Bedroom
Bathroom
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating
D
Viewing Schedule (No Booking Required)
Monday 7 October 11:00 - 11:30
Wednesday 9 October 11:00 - 11:30
Saturday 12 October 11:00 - 11:30
Monday 14 October 11:00 - 11:30 Back to listing
Full details for 1 Bedroom Flat For Sale in Folkestone
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Description
Guide Price = £20,000+''For Sale By Public Auction 15th October 2024 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack''
A Vacant One Bedroom Ground Floor Flat
6 Week Completion Available
Tenure
Leasehold. The property is held on a 99 year lease from 1st January 1987 (thus approximately 61 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Folkstone Beach are within easy reach. Transport links are provided by Folkstone Centre rail station.
Description
The property comprises a ground floor one bedroom flat situated within a mid terrace building arranged over ground and two upper floors.
Accommodation
Ground Floor
Open Plan reception Room/Kitchen
Bedroom
Bathroom
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating
D
Viewing Schedule (No Booking Required)
Monday 7 October 11:00 - 11:30
Wednesday 9 October 11:00 - 11:30
Saturday 12 October 11:00 - 11:30
Monday 14 October 11:00 - 11:30 Back to listing
