Investment for sale in Margate

AUCTION PROPERTY A mixed-use building situated within Garlinge, close to the seaside town of Westcliff-on-Sea and a short distance from Margates town centre.

The property is arranged as a vacant ground floor commercial unit with basement and a two-bedroom flat above which is currently let. The building could benefit with some improving, although the flat has recently had some replastering, which now requires painting, and does have double glazed windows and a gas heating system via radiators.

There may be potential to convert the commercial space into a residential flat, subject to all necessary consents being obtainable.

Commercial Unit
Ground Floor
Commercial space to front, two rear rooms, kitchen area, storage area with wooden doors to front and W.C.

Basement
Two rooms.

Tenancy
Currently vacant.

EPC Rating
F (135). Total Floor Area 87 sq.m.

Residential
Ground Floor
Entrance hall.
First Floor
Landing, kitchen, living room, two bedrooms and bathroom with W.C.

Outside
Garden to rear.

Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of 675 per calendar month.

Local Planning Authority
Thanet District Council. Website: thanet.gov.uk. Tel: 01843 577000.

EPC Rating D

Council Tax Band A

Auctioneer's Note
Viewings will only be available for the commercial unit.

Freehold with Part Vacant Possession

Residential EPC: D

Commercial EPC: F

Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/