Auction House London

Lot 90

 

146 Northdown Road

Cliftonville, Margate, Kent, CT9 2QN

Sold for £215,500.

A Freehold Commercial & Residential Investment Producing £24,000 per annum

Description

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.

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

Additional Fees

Administration charge: £1,200 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.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007

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Enquire about 146 Northdown Road, Cliftonville, Margate, Kent, CT9 2QN

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