Lot 90
    146 Northdown Road
    Cliftonville, Margate, Kent, CT9 2QN
    Sold for £215,500.
     
    Number 1
    A Freehold Commercial & Residential Investment Producing £24,000 per annum

    Tenure

    Freehold

    Location

    The property is situated amongst the shops and amenities of Northdown Road and a short walk to the coastline. Transport links are provided by Margate rail station and the M2 motorway (junction 7) is within easy reach.

    Exterior

    The property benefits from a rear building of brick construction.

    Description (2nd Column)

    The property comprises a ground floor shop with three self-contained flats situated within a mid terraced building arranged over basement, ground and two upper floors.

    Viewing Details

    Please refer to us directly on: 0207 625 9007

    Bold Black Text

    Current Rent Reserved £24,000 per annum.

    Addendum

    A new lease for the shop has been agreed with the existing tenant for a 10 year period at a rent of £9,000 per annum thus total income will be £24,900 per annum. Amended Guide Price: £200,000+

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Terms of Tenancy Current Annual Income
    Shop Ground Shop Area Let to for a term of 5 years from 24/03/09 (holding over) £8,100
    Flat Basement One Bedroom Flat Let on an AST at a rent of £300 pcm £3,600
    Flat First Two Bedroom Flat Let on an AST at a rent of £500 pcm £6,000
    Flat Second Two Bedroom Flat Let on an AST at a rent of £525 pcm £6,300
    For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on
    Share this lot

    Additional Fees and Disclaimer

    Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

    Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

    Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

    Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

    Contact Our Property Experts