Lot 132 Mixed Use Investment Two Shops And Four FlatsAuction Date:
1st May 2024
45-47 King Street, Ramsgate, Kent, CT11 8NP
Currently let at £39,927 per annum
A freehold double-fronted mid-terrace property located in Ramsgate's town centre, close to local amenities and a short distance from the seafront and Royal Marina.
The building is arranged as two shops and four self-contained flats above. The whole property is fully let.
Commercial - 45 King Street
Instant Printing - Ground Floor
Shop floor to front and work room to rear.
Basement
Three rooms and W.C.
Tenancy
Let on the term of a 12 month contract at a current rental of £700 per calendar month.
47 King Street
The Furniture Shop - Ground Floor
Shop floor, kitchenette and W.C.
First Floor
Large store room with high ceiling and two W.C.s.
Tenancy
Let on the term of a 12 month contract at a current rental of £700 per calendar month.
Residential
Ground Floor
Separate access to roof terrace.
First Floor
Flat 1
Entrance hall, living room/kitchen, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £695 per calendar month.
Flat 2
Entrance hall, living room/kitchen and bedroom with en-suite bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £390 per calendar month.
Second Floor
Flat 3
Living room/kitchen and bedroom with en-suite bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £450 per calendar month.
Flat 4
Living room/kitchen, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £392.31 per calendar month.
Council Tax Band
All flats are Council Tax Band A.
Auctioneer's Note
There may be potential for an additional flat by converting the first floor storage area for The Furniture Shop, subject to all necessary consents being obtainable.
Local Planning Authority
Thanet District Council. Tel: 01843 577000. Website: thanet.gov.uk.
Viewing
External only.
There is an addendum available to be read
in conjunction with the legal documentation.
Further Information
Jon Rimmer
on 01622 608400
Viewings
Applicants may view the lot externally only
Legal Documents
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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 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 cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
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 Buyers Fees
