Lot 3

PLANNING FOR 25 ARTISTS APARTMENTS, STUDIO SPACE, GALLERY, CAFÉ AND COMMUNITY SPACE/FACILITIES

Sopers Yard, King Street, Margate, Kent, CT9 1QE
Sopers Yard, King Street, Margate, Kent, CT9 1QE
Available At £600,000 + Fees

Applicants may view the lot externally only

A freehold site located in Margate's town centre adjacent to the desirable Old Town and a short distance from the seafront and Turner Contemporary Gallery.

The site has been granted Outline Planning Permission for a mixed use development of living/work space including 25 artists apartments, artist's studio space with gallery, café and community/meeting facilities.

Planning

Outline Planning Permission has been granted by Thanet District Council under reference OL/TH/13/0370, dated 3rd September 2013, for the erection of part single, three and four storey buildings for a mixed use development of live-work space, comprising 27 artists apartments; ground floor artist's studio space (B1); gallery (D1); ancillary display and sales spaces (A1); café (A3); community and meeting facilities (D1); and associated welfare (W.C.) facilities, subject to conditions.

An Application for reserved matters of outline application, under reference OL/TH/13/0370, has amended the number of artists apartments from 27 to 25.

A copy of the Planning Consent and accompanying documents may be downloaded from the Local Planning Authority, Thanet District Council. Website: Thanet.gov.uk. Tel: 01843 577000.

Site Measurements

The site extends to 0.09 hectares (0.22 acres).

Proposed Accommodation

Ground Floor

Gallery/artist studios, workshops/artist studios, café, ladies, gents and disabled W.Cs., two bin stores and store.

Basement

Plant room/store.

First Floor

Eight apartments each with a kitchen and shower room with W.C. Three further apartments each with own kitchen and shower room with W.C., together with mezzanine level accommodation.

Outside

Roof garden.

Second Floor

Six apartments each with a kitchen and shower room with W.C. Two further apartments each with a kitchen, shower room and W.C. together with mezzanine level accommodation.

Third Floor

Six apartments each with a kitchen and shower room with W.C.

Auctioneer’s Note 1

A Certificate of Lawful Use for Development was issued by Thanet District Council, under reference CU/TH/20/0733, to confirm that works have been implemented.

Auctioneer's Note 2

We have been informed by the Seller a water pipe runs through the front of the site adjacent to King Street and alternate proposed plans altering the number of apartments to 21 will be included in the legal documentation available to download from the Clive Emson website. Prospective purchasers will be deemed to have carried out their own investigations in this regard.

Freehold with Vacant Possession

Sopers Yard, King Street, Margate, Kent

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/