Sold
- Terraced House
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
A Freehold Commercial & Residential Investment Producing £24,000 per annum
The property comprises a ground floor shop with three self-contained flats 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.
Exterior
The property benefits from a rear building of brick construction.
Current Rent Reserved £24,000 per annum.
Viewing Details
Please refer to us directly on: 0207 625 9007
Addendum
A new lease for the shop has been agreed with the existing tenant for a 10 year period at a rent of £9,000 per annum thus total income will be £24,900 per annum. Amended Guide Price: £200,000+
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.
