Pair of three storey properties both up for auction to be offered as individual lots.
This building is divided into two flats each with separate entrances. Margate railway station, with its high-speed train service to London is a short distance away.
Margate has a popular seafront and Old Town, therefore the flats could be used as holiday lets in the future or sold off separately. We understand the current rentals are below market prices, so there could be potential to increase the yield. Each flat has its own meters, double glazing and a gas heating system via radiators.
Lower Ground Floor - Flat 1
Private lower ground floor entrance, entrance hall, living room, dining room, kitchen, bedroom and stairs to first floor.
First Floor
Bathroom with W.C.
Outside
Garden to the front and rear.
Tenancy
Currently let on an Assured Shorthold Tenancy Agreement at £450 per calendar month.
Council Tax Band A
Upper Ground Floor Maisonette
Private entrance, entrance hall, living room and kitchen/diner, stairs to top floor.
Top Floor
Two rooms (front and rear bedrooms) and bathroom with W.C.
Outside
Courtyard garden to the rear.
Tenancy
Let on an Assured Shorthold Tenancy at a current rental of £800 per calendar month.
Council Tax Band A
Auctioneers Note
135 Ramsgate Road is to be offered in the Auction as Lot 33.