Lot 148 Seafront Bed And Breakfast With Potential For ConversionAuction Date:
20th September 2023
Somerville Hotel, 9 Canterbury Road, Margate, Kent, CT9 5AQ
A four storey end-terrace property located on the corner of Station Road and Canterbury Road on Margate's seafront.
The property has been run as a successful Bed & Breakfast for many years but may have potential for conversion, subject to all necessary consents being obtainable.
There are uninterrupted sea views from the front of the building which has eight guest bedrooms and a one-bedroom manager's accommodation.
Ground Floor
Entrance hall, guest lounge, owner's living room, hallway, shower room with W.C. and bedroom with en-suite shower room/W.C.
Lower Ground Floor
Separate access to entrance hall, dining room, lobby area, kitchen, owner's bedroom with en-suite bathroom with W.C.
Basement
Two rooms.
First Floor
Bedroom with en-suite shower and W.C., three further bedrooms, shower room and separate W.C.
Second Floor
Landing, two-bedrooms with en-suite shower rooms and W.Cs., further bedroom with separate private shower room and W.C.
Outside
Garden to front and rear.
Local Planning Authority
Thanet District Council. Tel: 01843 577000. Website: thanet.gov.uk.
Freehold with Vacant Possession
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
