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.

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.