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Investment for sale in Margate

Legion House, 18 St. Johns Road, Margate, Kent
For sale
£650,000
AUCTION PROPERTY
clive-emson-auctioneers
This property is marketed by:
Clive Emson Auctioneers
A freehold five-storey end-terrace period property in the heart of Margate, close to the popular Hawley Square, and a short distance from the seafront and old town. The building is currently arranged as a 10-bedroom HMO (House of Multiple Occupation) but has been granted Planning Permission and Listed Building Consent for conversion into seven flats. The proposed scheme requires minimal internal alterations and proposes six, one-bedroom flats and one, three-bedroom flat.

This attractive property has some period features and a basement. There is a small courtyard to the rear.



Proposed Accommodation

Ground Floor
Flat 1
Private entrance. Open plan living room/dining room/kitchen, utility room, main bedroom with en-suite and W.C. Two further bedrooms and family bathroom.

Flat 2
Private entrance. Living room/dining room/kitchen, bedroom and bathroom with W.C.

First Floor
Communal entrance.

Flat 3
Entrance hall, living room/kitchen, bedroom and bathroom with W.C.

Flat 4
Entrance hall, kitchen, living room, bedroom and bathroom with W.C.

Second Floor
Flat 5
Kitchen/living room, bedroom and bathroom with W.C.

Flat 6
Kitchen, separate living room, bedroom and bathroom with W.C.

Third Floor
Flat 7
Entrance hall, kitchen/living room, bedroom and bathroom with W.C.

Planning
Planning Permission was granted by Thanet District Council under ref: F/TH/221030, dated 13th February 2024, for change of use and conversion of existing building used for homeless sheltered accommodation (sui generis), to provide seven self-contained flats (Use Class C3), subject to conditions. Listed Building Consent was also granted, by Thanet District Council under ref: L/TH/22/1031, dated 13th February 2024.

A copy of the Planning Consent and Listed Building Consent and associated documents will be available to download from the Local Planning Authority website, thanet.gov.uk. Tel: 01843 5577000.

Outside
Courtyard area to rear.

EPC Rating
D (76). Total Floor Area 489 sq.m.

Commercial EPC: D


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/

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