Lot 173 Freehold Basement Offering Potential And Ground Rent InvestmentAuction Date:
11th February 2026
Coastguard Cottages, Victoria Parade, Ramsgate, Kent, CT11 8DU
Currently let at £30 per annum
Key Features
Coastguard Cottages are a historic red brick development located on the outskirts of Ramsgate's town centre with uninterrupted sea views. The cottages have been sold off, however there is a vacant basement located under Flats 14 and 15 which may offer future potential, subject to all necessary consents being obtainable. The freehold also includes the grassed area in the centre of the U shaped development.
The basement, which is accessed via a communal hallway, has full head height and natural light, however does require considerable improvement. A right of access will be needed for Flats 14 & 15 to access their meters which are located in the basement, further information will be included as part of the legal documentation.
We have been informed 1A, 1B and 15 Coastguard Cottages each pay a current ground rental of £10 per annum.
Ground Floor
Communal entrance.
Basement
Five rooms/store areas.
Outside
Grassed area.
Auctioneer's Note
Flat 14 is included in the 11th February auction on a leasehold basis as lot 56.
Local Planning Authority
Thanet District Council. Website: thanet.gov.uk. Tel: 01843 57700
There is an addendum available to be read
in conjunction with the legal documentation.
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
