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Manor Court, 38, Manor Road, FOLKESTONE, Kent, CT20 2SE

28th July 2020
starts 08:30 AM at Grand Connaught Rooms
sold for
£196,000

Tenure: Freehold

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The negotiator dealing with this Lot is James Paterson and he can be contacted by email: James.Paterson@barnardmarcus.co.uk


THERE IS AN ANNOUNCEMENT RELATING TO THIS LOT (AS BELOW) THIS HAS ALSO BEEN ADDED TO THE LEGAL PACK under “Notices”

IF YOU ARE BIDDING YOU ARE DEEMED TO HAVE KNOWLEDGE OF THIS ANNOUNCEMENT TOGETHER WITH ALL OTHER LEGAL DOCUMENTS AND SPECIAL CONDITIONS OF SALE.

Announcement:
Prospective purchasers are referred to emails received from the lessees.
This information has not been verified by a solicitor and the buyers should take their own legal advice on the content of these emails, the legal documentation and individual leases. This has been updated as of 27th July 11:14.

There are revised special conditions of sale for this lot copies of which are available from the Auctioneers website and a copy will be attached to the contract.

Freehold parcel of land with planning permission granted for the erection of 7 self-contained apartments and two commercial units.
Together with the freehold to Manor Court consisting of eights flats which are all sold off on long leases.
Development site & Investment


Location:
The site is situated at Manor Court, on Manor Road. Folkestone Beach and Lower Leas Coasted Park are situated to the south with Folkestone Central, town centre, Harbour and other amenities situated to the north and east. Transport options include local bus routes, Folkestone Central rail station (to St. Pancras International, Dover and Ramsgate) or road links via the A259, A20 and M20. Local parks, the extensive coastline with beaches and harbour provide a range of recreational amenities and activities.

Description:
Freehold parcel of land with planning permission granted for the erection of 7 self-contained apartments and two commercial units, together with the freehold to Manor Court consisting of eights flats which are all sold off on long leases - refer to legal documents.

Planning:
Planning permission was granted by Folkestone and Hythe District Council on the 24th January 2020 ref: (Y19/0490/FH) for the erection of a five storey and roof terrace mixed use development comprising 7 self-contained apartments and flexible A1/A2/A3/A4/B1/D1 commercial space – refer to planning portal and legal documents.


Note:
The lessees have exercised their right to purchase – refer to legal documents.

Note 2:
The freeholder does NOT manage or insure the building

Note 3:
This is a CGI artist’s impression of the proposed development and differences between approved Ansham Associates Ltd Architects drawings and these visualisations may exist. These images must not be copied or published (including in print and online) without the express written consent of XAM Create (UK) LTD. The image is copyright of XAM Create (UK) LTD. Damages will be sought in the event of any unauthorised reproduction. Buyers must rely on their own enquiries with regards to planning and not rely on these CGI artist’s impressions.

Flat A - Garden Floor - Lease: 999 years from 05/12/1972 - Ground rent: £75.00 per annum - Notes: Right to park £75 pa

Flat B - Garden Floor - Lease: 999 years from 25/12/1972 - Ground rent: £20.00 per annum - Notes: Right to park £20 pa

Flat C - Ground Floor - Lease: 999 years from 25/12/1972 - Ground rent: £200.00 per annum - Notes: Right to park included in ground rent

Flat D - Ground Floor - Lease: 999 years from 05/12/1972 - Grount rent: £20.00 per annum - Notes: Right to park £20 pa Store Cupboard £13 pa

Flat E - First Floor - Lease: 999 years from 25/12/1972 - Ground rent: £75.00 per annum - Notes: Right to park £75 pa Store Cupboard £13 p

Flat F - First Floor - Lease: 999 years from 25/12/1972 - Ground rent: £20.00 per annum - Notes: Right to park £20 pa

Flat G - Second Floor - Lease: 999 years from 25/12/1972 - Ground rent: £75.00 per annum - Notes: Right to park £75 pa Store Cupboard £13 pa

Flat H - Second Floor - Lease: 999 years from 25/12/1972 - Ground rent: £20.00 per annum - Notes: Right to park £20 pa

Bin Store - Side Garden - £600pa

Refer to legal documents with regards to ground rents and leases.

To view: By application to the site within daylight hours. See Important advice below



Important Notice:
For each Lot, a contract documentation fee of £1,150 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Lot location is based upon nearest property postcode only. Actual location of property being sold may differ.

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lot infomation last updated: 3rd August 2020 at 04:05 PM
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