A Freehold Commercial & Residential Investment Producing £18,120 per annum
The property comprises a ground floor shop with two self-contained flats (one x two bed, one x three bed) situated within a mid terraced building arranged over basement, ground and two upper floors.
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.
We understand that a new five year lease at a rent of £9,000 per annum is in negotiation with the shop tenants but has yet to be signed. There is also potential to convert the rear lower ground to residential subject to obtaining all necessary consents.
Viewing Details
Please refer to us directly on: 0207 625 9007
Leasehold
False
Freehold
False
Part Vacant
False
Vacant
False
Let
False
Part Vacant
False
Addendum
The exterior shot of the property in the printed catalogue is incorrect. The correct exterior shot is on our website.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.