Lot 70: FREEHOLD PROPERTY FOR INVESTMENT

Sold Prior

A mid-terrace three storey property situated in a prominent position within the busy Northdown Road area of Margate. The property comprises two ground floor shops with a substantial four bedroom maisonette on the upper floors which has a gas heating system via radiators.

125 Northdown Rd

Ground Floor

Shop floor, store room, office, kitchenette and cloakroom/W.C.

Tenancy

Let on a 6 year lease from 7th June 2019 at a current rental of £8,700 per annum.

125A Northdown Rd

Ground Floor

Shop floor, kitchenette, and cloakroom/W.C.

Outside

Yard to rear.

Tenancy

Let on a three year business lease from 20th May 2019 at a current rental of £4,800 per annum.

125B Northdown Rd (Maisonette)

Ground Floor

Separate entrance to front.

Half Landing

Cloakroom with W.C.

First Floor

Landing, living room, kitchen, bathroom and bedroom.

Second Floor

Landing and three bedrooms.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £750 per calendar month.

Viewing

Strictly by prior confirmed appointment with the Auctioneer’s Office.

Auctioneer’s Note

At the time of publication the Auctioneers have been unable to internally inspect all of the property. These details have been provided by the Seller and interested applicants should rely on their own investigations to verify the information provided.

Residential EPC: D
Commercial EPC: C