Flat for sale in Flat 2F Arlington House, All Saints Avenue, Margate, Kent CT9

Guide Price = £40,000+

**For Sale By Public Auction 1st August 2024 10:00 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Vacant Second Floor Two Bedroom Flat with Sea Views

Tenure
Leasehold. The property is held on a 114 year lease from 1st October 1961 (thus approximately 51 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Dane Park are within easy reach. Transport links are provided by Margate rail station.

Description
The property comprises a second floor two bedroom flat situated within a purpose built arranged over ground and seventeen upper floors.

Accommodation
Second Floor
Reception Room with Open Plan Kitchen
Two Bedrooms
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

E