Lot 77

VACANT SHOP AND UPPER PARTS WITH PENDING PLANNING APPLICATION

116 High Street, Margate, Kent, CT9 1JW
116 High Street, Margate, Kent, CT9 1JW
Guide Price £180,000+ * + Fees

Viewing by arrangement with Clive Emson Auctioneers

A mid-terrace property located in the pedestrianised section of Margate High Street, close to nationwide retailers and banks, such as Santander, Nationwide, Greggs and Card Factory.

The premises comprise a vacant shop and upper parts, however a Planning Application is currently being considered for the rear and upper parts to be converted into three self-contained flats, subject to conditions.

Planning

A Planning Application has been submitted to Thanet District Council under reference TH/21/1613, dated October 2021, for change of use and conversion of building from Retail (Use Class A1) to Office (Use Class E) and residential (Use Class C3) to provide 3No one bedroom flats following alterations to shopfront to provide separate access for shop and installation of external staircase and roof terrace to rear, subject to conditions.

A copy of the proposed plans will be available to download from the Clive Emson website.

Ground Floor

Large commercial space, kitchen area, treatment room and cellar.

First Floor

Landing and three rooms.

Second Floor

Three rooms.

Proposed Accommodation

Ground Floor

Office space, kitchen and W.C.

Flat 1

Access via rear, entrance hall, living room, kitchen/dining room and bedroom with en-suite shower room/ W.C.

Outside

Private courtyard garden.

Communal Entrance

Providing access to first floor.

First Floor

Flat 2

Entrance hall, living room, kitchen/dining room and bedroom with en-suite shower room/W.C.

Outside

Communal roof terrace.

Second Floor

Flat 3

Entrance hall, living room, kitchen/dining room, bathroom with W.C. and bedroom.

Freehold with Vacant Possession

116 High Street, Margate, Kent
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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/