POTENTIAL RE-DEVELOPMENT, PLANNING GRANTED!
For Sale by Modern Method of Auction, with a Starting Price of £160,000 plus Reservation Fee.
- ALL BUYERS WELCOME, INCLUDING MORTGAGE PURCHASES.
Miles & Barr Commercial are delighted to offer onto the market this detached property situated in a sought after location of Beltinge, Herne Bay. The property was formerly used as a cafe but is now being offered with vacant possession. The property has been granted change of use from comemrcial to residential. Details can be found on the Canterbury City COuncil Planning portal using reference no.
For sale by the modern method of auction, buyers fees apply – Starting bid of £160,000
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. This additional time allows buyers to proceed with mortgage finance. The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% 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.