Fort Mansions, – Fort Crescent, Margate

Full Details

FANTASTIC AUCTION INVESTMENT REPRESENTING AROUND A 7.5% RETURN.

This spacious one-bedroom apartment, situated on the fourth floor, offers stunning views of the seafront, lush greenery, and the iconic Winter Gardens. Recently refurbished to a high standard, the property boasts an impressive amount of space, evoking the grandeur of a large Victorian home.
The open-plan living and kitchen area is stylishly designed with modern furnishings, creating a bright and inviting atmosphere. The generously sized bedroom is so spacious it could comfortably accommodate an additional room, while the adjoining family bathroom-designed as an en-suite-adds both convenience and luxury.
With breathtaking views and an abundance of space, this apartment is a rare find in a prime location and with a rental return circa £795 it represents a great yield for any investors

Immediate 'exchange of contracts' available
Sold via 'Secure Sale

Starting Bid £110,000

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the Votta Sales and Lettings on this online auction sale and are referred to below as 'The Auctioneer'.
 
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with Votta Sales and LettingsThe property is available to be viewed strictly by appointment only via Votta Sales and Lettings. Bids can be made via the Votta sales and lettings or via the Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both Votta Sales and Lettings and the Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by the Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers'commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
 

 

Council Tax Band: A (Thanet)
Tenure: Leasehold (154 years)
Ground Rent: £50 per year (reviewed every 0 years)
Service Charge: £2,841 per year
Electricity supply: Mains
Heating: Gas Mains
Water supply: Mains
Sewerage: Mains
Broadband: FTTP
Accessibility measures: Not suitable for wheelchair users


Bathroom w: 3.66m x l: 2.13m (w: 12' x l: 7' )


Bedroom 1 w: 4.27m x l: 4.88m (w: 14' x l: 16' )


Kitchen/diner w: 5.18m x l: 5.18m (w: 17' x l: 17' )