3 bedroom block of apartments for sale

>

3 bedroom block of apartments for sale

High Street, Margate CT9
£420,000

Our Summary

  • Auctioneers Additional CommentsPattinson Auction are working in Partnership with the marketing agent on this online auction sale andare referred to below as The Auctioneer
  • This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auctionterms and overseen by the auctioneer in partnership with the marketing agent
  • The property is being sold via a transparent online auction

Description

This freehold building in Margate's High Street is being sold via online auction, with a starting bid of £420,000. The property consists of a commercial unit on two floors and three one-bedroom flats, with the top flat offering sea views. The flats are currently tenanted or vacant, with potential rental income of £550-800 per month. The commercial unit is currently empty, providing an opportunity for redevelopment. The building is undergoing exterior decoration and renovation, with a new roof installed two years ago. The property is available to view by appointment only and bids can be made through the marketing agent or the auctioneer's website. The auction will be conducted under conditional or unconditional terms, with all bidders required to undergo a verification of identity process as part of the online bidding process.
Finance This Property