For sale by Modern Method of Auction; Starting Bid Price £240,000 plus Reservation Fee.

FREEHOLD BUILDING COMPRISING OF FOUR INDIVIDUAL FLATS

Great investment opportunity to acquire a freehold property with four rent-able flats in a popular location. Risborough Lane is in central Cheriton offering easy access to the high speed station as well as its array of shops. There is access from the front & rear and has been a solid investment property with good returns over the years. The building consists of:

FLAT 1: Ground floor one bedroom flat with private entrance from the rear of the building. The property is freshly decorated and comprises of a open living space that leads into a generous kitchen / diner. There is a shower, separate WC & utility space. The bedroom has an adjoining room which could make a good nursery or home office.
Flat 2: First Floor studio flat with fitted kitchen & shower with separate living room / bedroom. There is a communal WC.
Flat 3: Ground floor studio apartment with private entrance from the front. Large lounge / bedroom through to a shower room and utility area with use of the communal WC.
Flat 4: Two bedroom first floor apartment. Large living room with bay window, two bedrooms, shower room with WC and a generous kitchen / breakfast room to the rear.
Externally there is a rear garden with vehicle access.

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

Fast becoming a sought after place to be, Folkestone has seen much regeneration over the past few years, with much more planned going forward, especially surrounding the town centre and Harbour. Folkestone has a large array of shops, boutiques and restaurants as well as many hotels and tourist attractions. Folkestone is fortunate to have two High Speed Rail links to London, both offering a London commute in under an hour. There are great transport links to surrounding towns and cities and easy access to the continent too. With so much going on and with the future bright, Folkestone is an excellent location to both live and invest in.

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.

Flat 1 - Ground Floor -

Lounge - 3.61m x 2.46m (11'10 x 8'1) -

Kitchen / Diner - 3.20m x 2.84m (10'6 x 9'4) -

Wc -

Shower -

Bedroom - 2.67m x 2.44m (8'9 x 8') -

Office - 2.69m x 2.01m (8'10 x 6'7) -

Flat 2 - First Floor -

Kitchen - 3.33m x 2.72m (10'11 x 8'11) -

Lounge / Bedroom - 3.02m x 2.72m (9'11 x 8'11) -

Shower -

Flat 3 - Ground Floor -

Lounge / Bedroom - 4.11m x 3.07m (13'6 x 10'1) -

Shower Room - 2.92m x 2.29m (9'7 x 7'6) -

Utility Area - 2.21m x 1.60m (7'3 x 5'3) -

Flat 4 - First Floor -

Lounge - 4.27m x 4.04m (14' x 13'3) -

Kitchen - 3.00m x 2.72m (9'10 x 8'11) -

Bedroom One - 3.68m x 2.57m (12'1 x 8'5) -

Bedroom Two - 2.57m x 1.88m (8'5 x 6'2) -

Shower Room - 1.98m x 1.75m (6'6 x 5'9) -

External -

Rear Parking -

Identification Checks - Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. | We use a specialist third party service to verify your identity provided by Lifetime Legal. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, directly to Lifetime Legal, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

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.