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5 bedroom mews property for sale
14 Market Place, Margate, Kent, CT9 1ES
£300,000
14 Market Place, Margate, Kent, CT9 1ES
£300,000
Our Summary
- Guide Price £300,000 2%+VAT of the purchase price, subject to a minimum of £5,000+VAT, whichever is the greater amount For sale by unconditional online auction, registration is now open
- For Sale by Online Auction on 23 July 2025 3 Flats Commercial Ground Floor Ideal Investment £15,300 current income pa Flat 1 + 2 are Vacant Mixed use, commercial with three flats above for sale via auction
- Ideal investment opportunity, more information in the legal pack
- Group Viewing - Friday 11th July at 13:00pm - Please Call The Office To Attend Group Viewing - Tuesday 15th July at 13:00pm - Please Call The Office To Attend Tenure Freehold Terms Legal Pack To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa
- The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details)
- You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group
Description
This property is a mixed-use commercial building with three flats above, available for sale via online auction on July 23rd, 2025. The ground floor is a commercial unit with a net internal area of 25 sq.m, currently leased for £6,000 per annum. The three flats above are vacant, with one flat having an improvement notice and prohibition order. The flats are two-bedroom and one-bedroom, with gross internal areas ranging from 48 sq.m to 65 sq.m. The property has a current income of £15,300 per annum and is an ideal investment opportunity. The buyer will need to pay a 10% deposit and a buyer's administration fee of £1,200 plus VAT, and contracts will be exchanged 28 days after the auction. Registration is now open for the online auction.