14 Market Place, Margate, Kent, CT9 1ES
- PROPERTY TYPE
Mixed Use
- BEDROOMS
5
- SIZE
Ask agent
Key features
- 3 Flats
- Commercial Ground Floor
- Ideal Investment
- £24,300 current income pa
- Flat 1 is vacant
Description
For sale by unconditional online auction, registration is now open. Bidding opens on 23/07/2025 10:00 and ends on 23/07/2025 13:10.
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. The property comprises a commercial unit to the ground floor. With a 1 bedroom flat to the first floor, currently vacant with an improvement notice and prohibition order. Two further 2 bedroom flats to floors 2 & 3. Ideal investment opportunity, more information in the legal pack.
The accommodation comprises:
Ground floor retail shop unit. Net internal area is 25 sq.m. Entrance lobby, communal access to all floors.
Currently leased a £6,000 pa.
Flat 1 (lower ground floor, ground floor) comprising one/two bedroom accommodation. Gross internal area is 48 sq.m (518 sq.ft).
Currently vacant with improvement notice and prohibition order.
Flat 2 (first floor) comprising two bedroom flat. Gross internal area is 65 sq.m (697 sq.ft).
Previously let at £9,000 pa.
Flat 3 (second floor) comprising a two bedroom flat. Gross internal area 60 sq.m (641 sq.ft).
Currently Let at £9,300.
More photos and floorplan to follow.
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.co.uk
UNCONDITIONAL LOT Exchange and administration fee information: (plus fees)
Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1200 + VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. 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).
In addition to the purchase price, buyers may be required to pay additional fees, costs and charges - please refer to the legal pack.
Registration Process
To register to bid on the property, find the property on the Town & Country Property Auctions website. Click onto the property, follow the link to “Log in/ register to bid”. You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group.
Energy Performance Certificates
EPC 114 Market Place, Margate, Kent, CT9 1ES
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Margate Station0.5 miles
- Westgate-on-Sea Station2.0 miles
- Broadstairs Station3.0 miles
About Town and Country Property Auctions, London
77 High Street Walton On Thames KT12 1DN
Notes
Disclaimer - Property reference 299910. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Town and Country Property Auctions, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Town and Country Property Auctions, London on 020 3337 0600.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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