Situation: The property is situate on Addington Street, Margate, in the heart of this popular coastal Kent town. The property is within easy reach of the beach, harbour and a number of open green parks and spaces. Margate itself offers a hugely diverse range of facilities and amenities, and significant tourist trade. Description: A wonderful opportunity to acquire this Grade II listed end of terrace building, offering a wealth of potential for a variety of uses. The property is laid out as such that it would suit a studio style flat, or potentially use as an AirBNB/Serviced accommodation investment opportunity (Subject to Planning Permission Being Granted), with the residential letting market having strong demand, with 1 bedroom apartments on the market for circa £1000 pcm (£12,000 per annum).

Tenure

See Legal Pack

Accommodation

Ground Floor Open Plan Room Spiral Staricase First Floor Open Plan Room

Material Information

Tenure: The property is freehold. All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack. Council Tax: No information regarding council tax nor the rateable value has been obtained. Prospective buyers are advised to carry out their own investigations to verify this information. Possession: Vacant possession will be given upon completion. Viewing: Strictly by appointment with Auction House. Services: Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor. These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. Information relating to Phone & Broadband can be found by visiting Ofcom. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them. Any potential rental incomes are approximate based on Rightmove data at the time of preparing the details and bidders are advised to check with a local agent for an accurate valuation.

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Thanet District Council

Solicitors

Moss Solicitors, Ref: Jas Johal, Tel: 01509217770

Additional Fees

Administration Charge - £3600 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.