End of terrace house for sale

High Street, Margate, Kent, CT9 1DT

Guide Price* £400,000

Property Description

Key features

  • Current Income - 46,800
  • Freehold Premises
  • Auction Finance Available

Full description

Tenure: Freehold

£400,000 * Buyers Premium Applies *

For sale by public auction 15/11/2018.

Holiday Inn Gatwick, Povey Cross Road Surrey, Gatwick RH6 0BA.

Registration starts 12:15. The legal pack can be downloaded from our website, www.townandcountrypropertyauctions.co.uk.



VIEWING STRICTLY BY APPOINTMENT ONLY

Commanding a prime corner site on Margate High Street and Marine Gardens. Encompassed by Blue Chip companies on the adjacent corner sites are Boots, Costa Coffee and Carphone Warehouse. The Old Town of Margate is a short walk along the High Street.

ACCOMMODATION:
The premises is arranged over five floors. Ground Floor, Basement, First, Second and Third Floors. The ground floor commercial units are currently a Jewellers, Taxi Office and a Fast Food Restaurant. The accommodation above consists of a one bedroom flat on the first floor and a three bedroom flat on the second and third floors.

LOCATION:
Margate is a seaside town in the district of Thanet in Kent, England. It lies 15 miles north-east of Canterbury, on the coast along the North Foreland and contains the areas of Cliftonville, Garlinge, Palm Bay and Westbrook.
Margate railway station serves the town of Margate in Thanet, Kent, England. It is 73 miles down the line from London Victoria. Train services are provided by South-eastern.
Trains from the station generally run to Victoria via Chatham or to London St Pancras via Ramsgate, Canterbury West and Ashford International. Peak hour trains run to St Pancras via Chatham and Gravesend and to London Cannon Street.



CURRENT INCOME:
The entire premises currently produces a gross income of £46,800 Per Annum

The Jewellers, 10 year lease @ £15,600 P.A.
Taxi Office @ £6,600 P.A.
Fast Food Restaurant @ £6,600 P.A.
First Floor Flat held on AST @ £6500 P.A.
Second Floor Flat currently let room by room, with long standing tenants. £14,400 P.A when fully let.





b>UNCONDITIONAL LOT
Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a deposit of 5% and a 1%+VAT (subject to a minimum of £5,000+VAT) buyer's premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).


Listing History

Added on Rightmove:
28 September 2018

Nearest stations

  • Margate (0.4 mi)
  • Westgate-on-Sea (1.9 mi)
  • Broadstairs (3.0 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Connect-UK, Town and Country Property Auctions

Richmond House, 105 High Street, Crawley, RH10 1DD

01293 263004 Local call rate

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Floorplans

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Master Floorplan Image
Master Floorplan Image

To view this property or request more details, contact:

Connect-UK, Town and Country Property Auctions

Richmond House, 105 High Street, Crawley, RH10 1DD

01293 263004 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Margate (0.4 mi)
  • Westgate-on-Sea (1.9 mi)
  • Broadstairs (3.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Connect-UK, Town and Country Property Auctions

Richmond House, 105 High Street, Crawley, RH10 1DD

01293 263004 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 77936. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Connect-UK, Town and Country Property Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Connect-UK, Town and Country Property Auctions on 01293 528575.


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