2 bed flat for sale

Flat 12E Arlington House, All Saints Avenue, Margate, Kent CT9

Guide Price = £55,000+

**For Sale By Public Auction 29th May 2025 10:00 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Twelfth Floor Two Bedroom Flat with Sea Views Subject to an Assured Shorthold Tenancy Producing £10,800 Per Annum

Tenure
Leasehold. The property is held on a 114 year lease from 1st October 1961 (thus approximately 50 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 twelfth floor two bedroom flat situated within a purpose built block arranging over ground and seventeen upper floors.

Accommodation
Twelfth Floor
Reception Room with Open Plan Kitchen
Two Bedrooms
Bathroom

Tenancy
The property is subject to an Assured Shorthold Tenancy at a rent of £900 per calendar month.

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. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
F