2 bedroom flat for sale

FOR SALE BY MODERN METHOD OF AUCTION subject to a starting bid price and undisclosed reserve. We are delighted to offer this stunning large two bedroom first floor flat in a Grade II listed building on the seafront at Ramsgate's East Cliff. The flat has a very large entrance hallway, lounge and master bedroom and has original features including ornate coving and deep skirting boards. The property has been completely refurbished during recent years including total renovation of the beautiful balcony looking out to sea. The kitchen includes integrated fridge/freezer, dishwasher and washing machine. The flat has a new 999 year lease from 2024 with a 1/8 share of freehold. There is no ground rent and no plans to introduce any. Annual maintenance is £1200 and the building has recently been redecorated to the front, and the roof has been overhauled. The lease allows short term lets and AirBNB. It is understood there is an ADSL internet connection to the property and parking is on street parking with no restrictions.Chain free.

COMMUNAL HALLWAY:
Stairs to First floor

Lounge 22'08" (6.91m) x 15'6" (4.72m)
Bedroom 1 15'8" (4.78m) x 10'6" (3.20m)
Bedroom 2 15'9" (4.80m) x 8'4" (2.54m)
Kitchen 13'4" (4.06m) x 9'1" (2.77m)
Bathroom 9'2" (2.79m) x 4'9" (1.45m)
Hallway 18'9" (5.72m) x 7'3" (2.21m)

On street parking is available in the road
Council Tax Band B


Auctioneer Comments
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 Limited
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 (for standard Grade 1 properties). 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 4.5% 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 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.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.