No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Guide price£425,000
Added > 14 days

3 bedroom block of apartments for sale

High Street, Margate CT9
Auction
Save
Block of apartments
3 bed
3 bath

Key information

Tenure: Leasehold
Council tax: Ask agent
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
Discover more information

Property description & features

  • Tenure: Leasehold
  • 3x 1 bedrooms flats
  • 1x Commercial unit.
  • Freehold block.
  • Close to all amenaties
  • Currently having a complete exterior decoration
  • Great investment opportunity
  • Electric Only
  • Fire Alarm system in place

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £420,000



Springer Homes are delighted to offer this Freehold building, in the High Street, Margate area. The property has 1x Commercial unit, split over 2 floors & 3x 1 bedroom flats with the top flat having some sea views over margates main sands. Location being on the High Street allows future tenants access to local amenities, close to the train station and the enjoyment of the surrounding entertainment venues like Dreamland and the turner contemporary.



The block consists of



Flat 1 - Currently Tenanted (Earning £550pcm, not market rent)

1 bedroom, bathroom, kitchen lounge & separate WC



Flat 2 - Currently Vacant (Tenants being referenced at 795pcm rent)

1 bedroom, bathroom & kitchen/lounge



Flat 3 - Currently Vacant (Tenants being referenced at 795pcm rent)

1 double bedroom, family bathroom & kitchen/lounge area



Commercial Unit.

Spread over 2 floors. Currently Tenanted with a lease of £14400 including VAT per annum



This block is currently undergoing a complete exterior decoration with flats 2 & 3 having a renovation.

The roof was replaced 2 years ago.





Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and

are referred to below as The Auctioneer.





This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction

terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The

Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being

shared between both any marketing agent and The Auctioneer in order that all matters can be dealt

with effectively.





The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will

be required to adhere to a verification of identity process in accordance with Anti Money Laundering

procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that AML procedure are carried out in accordance with

the law.





A Legal Pack associated with this particular property is available to view upon request and contains

details relevant to the legal documentation enabling all interested parties to make an informed

decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’

commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding

with any property and/or Land Title purchase.





Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts

the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the

purchase price of the property. The deposit will be a contribution to the purchase price. A non-

refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also

required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed

purchase price and consideration should be made by the purchaser in relation to any Stamp Duty

Land Tax liability associated with overall purchase costs.





Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to

pass their details to third party service suppliers, from which a referral fee may be obtained. There is

no requirement or indeed obligation to use these recommended



We expect this property to be popular. All enquiries welcome.







Places of interest

    Welcome to the Springer Homes.  We believe in keeping things simple,   *No Hidden Extras *No Hidden Fees *No Exclusive Contracts  *Your free to use other agent's  *Competitive fees   Full Management * LET US LOOK AFTER THE MANAGEMENT FOR YOU* FULL MANAGEMENT FOR JUST 8% + 2 WEEKS RENT SET UP FEE  *T&C's apply* About Springer Homes We are an established residential lettings, sales, and property management company offering a professional yet personal touch. Our team have over twenty years combined experience in the industry, With an extensive knowledge of the local property market we are dedicated to finding the perfect property match for Tenants, Landlords, Homeowners and Property Buyers. We offer a highly professional and efficient range of services and believe in a close and honest relationship between all parties which can be  tailored to individual needs. The services we provide: Lettings                                                Residential Sales Property Renovations Property Management Refurbishments As specialists we keep up to date on all laws and regulations within the Estate Agency and Lettings Market. We also understand that in today's world you are very busy and need an efficient and professional service with excellence as a minimum standard!  Please feel free to contact us for any further information.   Telephone: 01843 447616 Via email:   springerhomesbroadstairs@gmail.com WE'RE ALSO ON FACEBOOK: https://www.facebook.com/SpringerHomes18/?ref=aymt_homepage_panel

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    Red: One bar, reliable signal unlikely
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