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Margate CT9 Mixed use for sale
Margate CT9
£300,000
Margate CT9
£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 amountFor sale by unconditional online auction, registration is now open
- For Sale by Online Auction on 23 July 20253 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 AttendGroup Viewing - Tuesday 15th July at 13:00pm - Please Call The Office To AttendTenureFreehold TermsLegal PackTo 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
A mixed-use property is being sold via online auction on July 23, 2025, with a guide price of £300,000 plus 2%+VAT of the purchase price, subject to a minimum of £5,000+VAT. The property comprises a commercial unit on the ground floor, currently leased for £6,000 per annum, and three flats above, with one currently vacant and two let for £9,000 and £9,300 per annum, respectively. The flats have a total gross internal area of 173 square meters, and the property offers an ideal investment opportunity with a current income of £15,300 per annum. The property is being sold freehold, and the buyer will be required to pay a 10% deposit and a buyer's administration fee of £1,200 + VAT upon the fall of the hammer. The auction conditions require a full legal completion 28 days following the auction.