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Lot
131
Auction: Thursday 25th July, 2024

Flat 1, Prospect House, The Parade, Broadstairs, Kent CT10 1NB

Property Details
Location
Description
A one bedroom apartment located on the sea front with wonderful coastal views.

Over looking Broadstairs Viking Bay, with a bright refreshing feel to it the flat enjoys stunning first hand sea views and is only a stones throw away from the local shops, bars and restaurants.

This great location means you are minutes away from the mainline train station.

The property has recently been let as a Air BnB premises and can command high nightly tariffs. The flat benefits from its own private entrance along with one off the communal hallway.

Alternatively, the property would make a great home or a super buy to let investment with estimated rental value of £1,000 per calendar month. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

A rare opportunity to purchase a centrally located apartment with stunning sea views.
Tenure
Leasehold
Costs
Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
Address
Flat 1, Prospect House, The Parade, Broadstairs, Kent CT10 1NB
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