Lot 132 - Mixed Use Investment Two Shops And Four Flats
45-47 King Street, Kent, CT11 8NP
Guide Price: *
£450,000
Fees apply
Buyer's fee:Check legal pack
All fees include VAT at 20%
Holding Deposit: *£5,000
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£450,000Bid history
1 bidS
22/05/2024 15:42:04 - £450,000
Guide Price* : £475,000 Plus
Currently let at £39,927 per annum
A freehold double-fronted mid-terrace property located in Ramsgate's town centre, close to local amenities and a short distance from the seafront and Royal Marina.
The building is arranged as two shops and four self-contained flats above. The whole property is fully let.
Commercial - 45 King Street
Instant Printing - Ground Floor
Shop floor to front and work room to rear.
Basement
Three rooms and W.C.
Tenancy
Let on the term of a 12 month contract at a current rental of £700 per calendar month.
47 King Street
The Furniture Shop - Ground Floor
Shop floor, kitchenette and W.C.
First Floor
Large store room with high ceiling and two W.C.s.
Tenancy
Let on the term of a 12 month contract at a current rental of £700 per calendar month.
Residential
Ground Floor
Separate access to roof terrace.
First Floor
Flat 1
Entrance hall, living room/kitchen, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £695 per calendar month.
Flat 2
Entrance hall, living room/kitchen and bedroom with en-suite bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £390 per calendar month.
Second Floor
Flat 3
Living room/kitchen and bedroom with en-suite bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £450 per calendar month.
Flat 4
Living room/kitchen, bedroom and bathroom with W.C.
Tenancy
Let on an Assured Shorthold Tenancy Agreement at a current rental of £392.31 per calendar month.
Council Tax Band
All flats are Council Tax Band A.
Auctioneer's Note
There may be potential for an additional flat by converting the first floor storage area for The Furniture Shop, subject to all necessary consents being obtainable.
Local Planning Authority
Thanet District Council. Tel: 01843 577000. Website: thanet.gov.uk.
Viewing
External only.
Joint Auctioneer
Miles & Barr, 1 The Links, HERNE BAY, CT6 7GQ, 01227 499500
Summary
- Lot number
- 132
- Auction end
- 22nd May at 15:47
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 4
- Bathrooms
- 3+
- Council tax band
- Ask Agent
Summary
- Lot number
- 132
- Auction end
- 22nd May at 15:47
- Property type
- Residential
- Tenure
- Ask Agent
- Bedrooms
- 4
- Bathrooms
- 3+
- Council tax band
- Ask Agent
This property is being sold by:
Clive Emson Auctioneers
0345 8500333
Rocky Hill, London Road, Maidstone, Kent, ME16 8PY
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Clive Emson Auctioneers shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Clive Emson Auctioneers. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
