Lot 132 - MIXED USE INVESTMENT TWO SHOPS AND FOUR FLATS

Guide Price £475,000+ * + Fees

Currently let at £39,927 per annum

Applicants may view the lot externally only

01622 608400
Jon Rimmer

Online Bidding

Legal Documentation

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A freehold double-fronted mid-terrace property located in Ramsgate's town centre, close to local amenities and a short distance from the seafront and Royal Marina.

The building is arranged as two shops and four self-contained flats above. The whole property is fully let.

Commercial - 45 King Street

Instant Printing - Ground Floor

Shop floor to front and work room to rear.

Basement

Three rooms and W.C.

Tenancy

Let on the term of a 12 month contract at a current rental of £700 per calendar month.

47 King Street

The Furniture Shop - Ground Floor

Shop floor, kitchenette and W.C.

First Floor

Large store room with high ceiling and two W.C.s.

Tenancy

Let on the term of a 12 month contract at a current rental of £700 per calendar month.

Residential

Ground Floor

Separate access to roof terrace.

First Floor

Flat 1

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

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £695 per calendar month.

Flat 2

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

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £390 per calendar month.

Second Floor

Flat 3

Living room/kitchen and bedroom with en-suite bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £450 per calendar month.

Flat 4

Living room/kitchen, bedroom and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £392.31 per calendar month.

Council Tax Band

All flats are Council Tax Band A.

Auctioneer's Note

There may be potential for an additional flat by converting the first floor storage area for The Furniture Shop, subject to all necessary consents being obtainable.

Local Planning Authority

Thanet District Council. Tel: 01843 577000. Website: thanet.gov.uk.

Viewing

External only.

45-47 King Street, Ramsgate, 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/