Auction House London

Lot 106

Detached - Houses 

Bayle Court

The Parade, Folkestone, Kent, CT20 1SN

£35,000+

Guide Price (plus fees)

A Residential Development Opportunity and Ground Rent Investment. Offered with Planning Permission for the Construction of a Fourth Floor Extension to Create an Additional Two Penthouse Seaview Flats (2 x Two Beds) also Currently Producing a Ground Rent Income of £1,877.75 Per Annum

Description

The property comprises a detached block of 15 self-contained flats and garages (all sold off) arranged over ground and three upper floors.

Tenure

Freehold

Location

The property is located on a residential road close to local shops and amenities. There are numerous green open spaces and Folkestone Harbour are within easy reach. Transport links are provided by Folkestone Central rail station.

Planning

Folkestone & Hythe Council granted the following planning permission (ref: 21/1707/FH) on 30/05/2022: 'Alterations to roof of building to accommodate two two-bedroom flats within the roof space'

Potential to re-apply for planning to provide 4 x one bedroom self-contained flats (Subject to Obtaining all Relevant Consents) Buyers should rely on their own enquiries.

Proposed Accommodation

Fourth Floor
2 x Self-Contained Two Bedroom Flats
Flat 17 - G.I.A 80 sq m

Flat 18 - G.I.A 110 sq m

Note

We understand the freeholder has the option to insure, maintain and manage the block if desired. Section 5(b) Notices under the Landlord & Tenant Act 1987 have been served and the Leaseholders have not reserved their rights under legislation.

Additional Fees and Disclaimer

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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