House For Sale £139,000
Margate

Investment opportunity - Freehold terrace building in the heart of central Margate. Nestled in the vibrant heart of central Margate, this freehold terrace building presents an exceptional investment opportunity. Comprising a ground floor retail space formally operating as a Chinese take-away restaurant and a flat above, this property offers immense potential. While it is in need of refurbishment, its prime location and versatile layout make it a promising prospect for a wide range of buyers.

Versatile property with the opportunity for dual income streams.
Ideal for investors or owner-occupiers looking to establish a business with living accommodation above.
Property is offered for sale through the Modern Method of Auction which is operated by iamsold Limited.

Ground Floor Retail Space:
Has operated as a Chinese take-away
Collection Area 3.7m (12'1") x 2.2m (7'2")
Commercial Kitchen Area 3.8m (12'5") 3.5m (11'5")
Prime location on a high foot-traffic street.
Flat Above:
A flat with the potential for residential or additional commercial use.
Accommodation in need of refurbishment, providing a blank canvas for customization.
Separate access from the street.
Lounge 3m (9'10") x 2.0m (6'6")
Bedroom 1 2.2m (7'2") x 4.5m (14'9")
Bedroom 2 3.7m (12'1") x 2.2m (7'2")
Bathroom/WC
Commercial: EPC B
Residential: EPC D
Area:
Commercial: 275 Sq ft
Flat: 549 Sq ft
Business Ratable Value: £2,750 (Small business multiplier 2023/[use Contact Agent Button])
Tenure: Freehold
Auctioneer Comments: This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.