Lot 122: FREEHOLD COMMERCIAL INVESTMENT WITH GROUND RENTS

A mid-terrace property situated in Margate town centre close to local amenities, the seafront and the Turner Contemporary Gallery. The building comprises four flats on the upper parts, all sold on long leases.

Ground Floor

Open plan area, kitchen and office.

Basement

Hallway, two W.C.s, store room and five further rooms.

Outside

Rear Yard.

Tenancy

Let on a commercial lease for a term of five years, from 1st January 2019, at a current ground rental of £12,000 per annum. A copy of the lease will be included within the legal documentation, available to download from the Clive Emson website.

Residential

Upper Parts

Four flats, each sold on a 99 year lease, from 6th November 2014, at a current ground rental of £120 per six months.

Residential EPC: D
Commercial EPC: G

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