Lot 18 Mixed Use Property With Planning For Additional Maisonette To RearAuction Date:
12th June 2025
168 Northdown Road, Cliftonville, Margate, Kent, CT9 2QN
Currently let at £9,060 per annum - Plus vacant shop
Key Features
A unique opportunity to acquire a property in the heart of Northdown Road shopping area in Cliftonville. The property is arranged as a vacant ground floor commercial unit with basement and three-bedroom maisonette above, which is currently let, although we understand the tenants will be vacating. The property has also been granted Planning Permission for a two-storey rear extension to create a two-bedroom maisonette.
The building is situated in a good location among both local and nationwide retailers as well as being a short distance from Margate's popular seafront and old town.
There has been a new flat roof to the rear of the shop which we have been informed came with a 10-year Guarantee. Works were carried out to the maisonette roof and the maisonette itself could do with some improvement.
Commercial
Ground Floor
Electric roller shutter giving access to shop floor, display area to rear and staff area with sink and W.C.
Basement
EPC Rating
To be confirmed.
Tenancy
Offered with vacant possession, although we have been informed by the Seller they have received enquiries from potential tenants.
Residential
Ground Floor
Entrance.
First Floor
Living room, kitchen and shower room.
Second Floor
Landing and three bedrooms.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £755 per calendar month. However, we understand that the tenant has been served a Section 21 Notice to vacate and is actively seeking alternative accommodation, but would be happy to continue with the tenancy should the new owners require.
EPC Rating G
Council Tax Band A
Outside
Hard-standing to rear with Planning Permission.
Planning
Planning Permission has been granted by Thanet District Council under reference F/TH/25/0096, dated 1st May 2025, for erection of two storey rear extension to facilitate creation of 1 no. two bedroom maisonette, subject to conditions. A copy of the Planning Permission and accompanying documents may be downloaded from the Thanet District Council website, thanet.gov.uk. Tel:01843 577000.
Proposed Accommodation
Ground Floor
Living room/kitchen, W.C and cycle/bin store.
First Floor
Two bedrooms and bathroom with W.C.
Auctioneer's Note
We have been informed by the seller the existing maisonette will have the benefit of new Solar panels and a new electric heating system. We understand works will be complete by 30th May 2025 with all of the necessary Certificates. The Auctioneers hope to have copies of the Certificates available before the auction.
Viewing
External only.
Freehold with Part Vacant Possession
Further Information
Jon Rimmer/Isla Wild
on 01622 608400
Viewings
Applicants may view the lot externally only
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Local Information
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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
