• Being Sold via Secure Sale online bidding. Terms & Conditions apply. +
• Investment opportunity +
• Tenants in Situ +
• Perfect location for Dover Priory Train Station +
• Great local amenities +
• Over 10% yield +

We are delighted to offer to the market this 7-bedroom HMO on Folkestone Road, Dover with a 10.3% yield.

On the ground floor of the property you will find a self-contained flat with a kitchen, and a stairway from the corridor leading to the first floor.

The first floor comprises of two large bedrooms, a bathroom with a toilet and wash basin, a separate toilet and wash basin and a small room housing a boiler, washing machine and dryer. The second floor consists of a further three bedrooms and a toilet and wash basin.

Finally, on the third floor you will find two further rooms, and a bathroom housing a shower, toilet and wash basin. All rooms have cooking facilities within them.

Viewings are highly recommended to appreciate the investment opportunity on offer.

Auctioneers Additional Comments:

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and
are referred to below as 'The Auctioneer'
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction
terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The
Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being
shared between both any marketing agent and The Auctioneer in order that all matters can be dealt
with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will
be required to adhere to a verification of identity process in accordance with Anti Money Laundering
procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with
the law.
A Legal Pack associated with this particular property is available to view upon request and contains
details relevant to the legal documentation enabling all interested parties to make an informed
decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers'
commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding
with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts
the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the
purchase price of the property. The deposit will be a contribution to the purchase price. A non-
refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also
required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed
purchase price and consideration should be made by the purchaser in relation to any Stamp Duty
Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to
pass their details to third party service suppliers, from which a referral fee may be obtained. There is
no requirement or indeed obligation to use these recommended suppliers or services.