Lot 12

FREEHOLD MIXED-USE INVESTMENT

18 Grange Road, Ramsgate, Kent, CT11 9LR
18 Grange Road, Ramsgate, Kent, CT11 9LR
MARCH AUCTION

Currently let at £15,600 per annum

A four-storey mixed-use premises situated at the end of The Parade close to Ramsgate's town centre with all of its amenities. The property comprises a ground floor commercial unit, (trading as a barber’s shop), with a well-proportioned maisonette occupying the upper three floors. Both units are let and it is considered there may be scope to bring the rents up to market value.

18 Grange Road

Ground Floor

Separate entrance to front, barbers, kitchenette, utility area and W.C.

Basement

Tenancy

Let on a flexible rolling lease at a current rental of £550 per calendar month.

18A Grange Road

Separate entrance to rear.

First Floor

Landing, bedroom, bathroom and separate W.C.

Second Floor

Landing, living room and kitchen.

Third Floor

Bedroom and adjoining room.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £750 per calendar month.

Auctioneer's Note

We have been informed by the Seller, the tenant of the flat has given notice to vacate and will be leaving on the 8th February.

Council Tax Band A

Outside

Shared courtyard to rear.

Viewing

External only.

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/