Lot 24

HIGH STREET RETAIL UNIT AND WELL PRESENTED MAISONETTE

116 High Street, Margate, Kent, CT9 1JW
116 High Street, Margate, Kent, CT9 1JW
Sold £181,000

Currently let at £8,400 per annum

A substantial terrace property located in the pedestrianised section of Margate High Street, close to nationwide retailers and banks, building societies, e.g. Nationwide, Boots Opticians and Santander.

The premises comprises a vacant shop to the ground floor and a well presented good size four bedroom maisonette to the upper parts which has been let to the same tenant for several years. The maisonette is accessed at the rear via an external staircase. The commercial unit is in need of complete refurbishment and is situated in a prominent position.

Ground Floor

Shop with main retail area, kitchen and W.C. Cellar area with four rooms.

Maisonette

Accessed via a staircase at the rear.

First Floor

Entrance porch, hallway, living room, dining room and kitchen.

Second Floor

Landing, four bedrooms, bathroom and separate W.C.

Outside

Garden to rear.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £700 per calendar month.

Freehold with Vacant Possession

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/