GREAT INVESTMENT OPPORTUNITY IN THE HEART OF RAMSGATE!
For Sale by Modern Method of Auction, with a Starting Price of £160,000 plus Reservation Fee.
- ALL BUYERS WELCOME, INCLUDING MORTGAGE PURCHASES.
Miles and Barr Commercial are delighted to market this central town property, which consists of a lock up shop premises, and two one bedroom flats. The vendor informs us that the current rental income on the whole property is approximately £1,050 pcm. This freehold property is being sold with NO ONWARD CHAIN! Call today to book your viewing.
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
|Shop||3.35m x 3.96m (11'00 x 13'00)|