Lot 17 - 1-16, Blocks 7, 8, 9, 10 Marine Terrace, Folkestone, Kent, CT20 1PZ
- Unconditional Online Auction Sale
- Guide Price* : £1,800,000
- Bedrooms: 30
Landmark Auctions Are Pleased To Offer For Sale By Public Auction On : 23rd May 2024.
Description
Block 7 (with own freehold)
7A - 3 Bedroomed maisonette, with private rear courtyard.
7B - 2 Bedroom apartment.
7C - 2 Bedroom apartment.
7D - 2 Bedroom apartment.
Block 8 (with own freehold)
8A - 3 Bedroomed maisonette, with private rear courtyard.
8B - 1 Bedroomed apartment.
8C - 1 Bedroomed apartment.
8D - 1 Bedroomed apartment.
Block 9 (with own freehold)
9A - 3 Bedroomed maisonette, with private rear courtyard.
9B - 1 Bedroomed apartment.
9C - 1 Bedroomed apartment.
9D - 1 Bedroomed apartment.
Block 10 (with own freehold)
10A - 3 Bedroomed maisonette, with private rear courtyard.
10B - 2 Bedroomed apartment.
10C - 2 Bedroomed apartment.
10D - 2 Bedroomed apartment.
Tenure
Freehold
Accommodation
Investment portfolio of four apartment blocks totalling 16 apartments with rental income for sale.
Some apartments have partial sea views.
All properties have 'A' rated boiler/gas certification.
Location
Folkestone is a seaside town in Kent. Located near the Harbour Arm, there is an abundance of shops, restaurants, bars and other seaside attractions. As well as the beach there are green spaces and leisure facilities close the properties.
The M20 is a short drive linking to the M25 and other main roads across the county of Kent.
The Euro Tunnel Terminal leaves from Folkestone to France.
Tenancy
Total rents including some currently in renewal is: £13,495.00 pct
£156,240 per annum
Sector
Residential
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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