Lot 69
    Detached
    25 King Street
    Margate, Kent, CT9 1DD
    Please refer to auctioneer for more information
     
    Number 1
    A Substantial Eight Bedroom Grade II Listed Semi-Detached HMO Producing £30,680 Per Annum.

    Description

    The property comprises a Grade II Listed eight bedroom semi-detached HMO arranged over lower ground, ground and two upper floors.

    Tenure

    Freehold

    Location

    The property is situated in the desirable Old Town close to local shops and amenities. The open spaces of Dane Park and Margate Beach are within easy reach. Transport links are provided by Margate rail station.

    Accommodation

    Lower Ground Floor
    Basement

    Ground Floor
    Four Letting Rooms with Kitchenettes

    First Floor
    Two Letting Rooms with Kitchenettes
    Two Bathrooms
    Two Separate WCs
    Laundry Room

    Second Floor
    Two Letting Rooms with Kitchenettes

    Exterior

    The property benefits from a rear yard

    Tenancy

    The vendor has advised that they can serve notice notice if required. Please refer to the legal pack for further information.

    Note

    The vendor advises there may be potential to covert the property back to its original state as a family home (subject to obtaining all necessary consents).

    EPC Rating

    G

    Addendum

    For the avoidance of doubt, the current rent is £30,680 Per Annum and not as previously stated.

    Column 1 Column 2 Column 3 Column 4
    Property Accommodation Tenure Annual Rent
    Room 1 Letting Room with Kitchenette 6 months from 8th January 2023 (Holding Over) £3,900
    Room 2 Letting Room with Kitchenette 6 months from 8th September 2022 (Holding Over) £3,380
    Room 3 & 4 Two Letting Rooms each with Kitchenettes 6 months from 24th October 2022 (Holding Over) £6,760
    Room 5 Letting Room with Kitchenette 6 months from 4th April 2023 (Holding Over) £3,900
    Room 6 Letting Room with Kitchenette 6 months from 22nd February 2023 (Holding Over) £3,900
    Room 7 Letting Room with Kitchenette 6 months from 1st November 2022 (Holding Over) £3,900
    Room 8 Letting Room with Kitchenette 6 months from 21st March 2023 (Holding Over) £4,940
    For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on
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    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.

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