Lot 70

FREEHOLD PROPERTY FOR INVESTMENT

125, 125A & 125B Northdown Road, Cliftonville, Margate, Kent, CT9 2QY
125, 125A & 125B Northdown Road, Cliftonville, Margate, Kent, CT9 2QY
Sold Prior

Currently let at £22,500 per annum

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.

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 cliveemson.co.uk/buyers-fees/