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Margate CT9 Mixed use for sale
Margate CT9
£300,000
Margate CT9
£300,000
Our Summary
- Guide Price £300,000 Plus FeesFor sale by unconditional online auction, registration is now open
- For Sale by Online Auction on 23 July 20253 Flats Commercial Ground Floor Ideal Investment £24,300 current income pa Flat 1 is Vacant Mixed use, commercial with three flats above for sale via auction
- Ideal investment opportunity, more information in the legal pack
- TenureFreehold TermsLegal PackTo review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa
- The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details)
- You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group
Description
This property is a mixed-use commercial building with three flats above, being sold via online auction on July 23rd. The ground floor has a retail shop unit, currently leased for £6,000 per annum, while the three flats above are let for a combined £24,300 per annum. Flat 1 is currently vacant due to an improvement notice and prohibition order, while Flats 2 and 3 are let for £9,000 and £9,300 per annum, respectively. The property is being sold freehold and the buyer will need to pay a 10% deposit and a buyer's administration fee of £1,200 plus VAT upon the fall of the hammer. The auction conditions require a full legal completion within 28 days following the auction. This is an ideal investment opportunity, with potential for further rental income and capital growth.