Lot 17 Valuable Site Extending To 1.69 Acres With Potential For Development In Prime LocationAuction Date:
21st September 2022
Site Of Former Fire Station, 477 Margate Road, Broadstairs, Kent, CT10 2QD
A substantial site extending to 1.69 acres (0.68 hectares) situated within the modern Westwood Cross retail and commercial area which boasts an extensive range of household retailers serving East Kent and the Thanet coastal towns.
The site was formerly occupied by substantial buildings comprising a former fire station, HQ and ancillary buildings which have now been demolished, with the majority of the site covered by a hardstanding and access road leading to a Telecommunications Mast at the rear of the site. It is considered the land has potential for re-development with a variety of potential schemes, subject to all necessary consents being obtainable.
It is understood that a Kent County Council Highways proposal exists for the possibility of a new relief road to run through the site which will necessitate the need for the area of land shaded blue to be purchased by the Highways Authority. It is understood that the proposal has not been formerly adopted as a definite scheme to be completed.
Following demolition of the former buildings there remains on site an underground 4,532 litre diesel fuel tank which has been decommissioned and filled with foam. Further information will be contained within the legal pack, available to download from the Clive Emson website.
Telecommunications Mast and Site
Tenancy
The Telecommunications Mast and Site situated in the northern corner of the property is let on a lease to The Independent Broadcastings Authority for a term of 42-years from the 1st June 1983 with a rental of £1 per annum.
Site Measurements
The total site area is 0.68 hectares (1.69 acres).
Site Excluded From Potential Highway Relief Road
The site area would be 0.38 hectares (0.96 acres).
Freehold with Vacant Possession (Except the Communication Mast and Site)
There is an addendum available to be read
in conjunction with the legal documentation.
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 Buyers Fees
