Lot 122: FREEHOLD COMMERCIAL INVESTMENT WITH GROUND RENTS

Guide Price £135,000 – £145,000 * + Fees
59 Northdown Road, Margate, Kent. CT9 2RJ

Currently let at £12,960 per annum

Further information from Clive Emson Auctioneers

01622 608400

Jon Rimmer/Kevin Gilbert

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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The map and satellite images are based on postcode information and are available for directions only. They may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.