Lot 3 - Planning For 25 Artists Apartments, Studio Space, Gallery, Café And Community Space/facilities
Sopers Yard, King Street, Kent, CT9 1QE
Guide Price: *
£600,000
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
Highest bid:
£582,000Bid history
2 bidsB
13/12/2023 11:02:26 - £582,000
C
12/12/2023 09:28:33 - £580,000
A freehold site located in Margate's town centre adjacent to the desirable Old Town and a short distance from the seafront and Turner Contemporary Gallery.
The site has been granted Outline Planning Permission for a mixed use development of living/work space including 25 artists apartments, artist's studio space with gallery, café and community/meeting facilities.
Planning
Outline Planning Permission has been granted by Thanet District Council under reference OL/TH/13/0370, dated 3rd September 2013, for the erection of part single, three and four storey buildings for a mixed use development of live-work space, comprising 27 artists apartments; ground floor artist's studio space (B1); gallery (D1); ancillary display and sales spaces (A1); café (A3); community and meeting facilities (D1); and associated welfare (W.C.) facilities, subject to conditions.
An Application for reserved matters of outline application, under reference OL/TH/13/0370, has amended the number of artists apartments from 27 to 25.
A copy of the Planning Consent and accompanying documents may be downloaded from the Local Planning Authority, Thanet District Council. Website: Thanet.gov.uk. Tel: 01843 577000.
Site Measurements
The site extends to 0.09 hectares (0.22 acres).
Proposed Accommodation
Ground Floor
Gallery/artist studios, workshops/artist studios, café, ladies, gents and disabled W.Cs., two bin stores and store.
Basement
Plant room/store.
First Floor
Eight apartments each with a kitchen and shower room with W.C. Three further apartments each with own kitchen and shower room with W.C., together with mezzanine level accommodation.
Outside
Roof garden.
Second Floor
Six apartments each with a kitchen and shower room with W.C. Two further apartments each with a kitchen, shower room and W.C. together with mezzanine level accommodation.
Third Floor
Six apartments each with a kitchen and shower room with W.C.
Auctioneer’s Note 1
A Certificate of Lawful Use for Development was issued by Thanet District Council, under reference CU/TH/20/0733, to confirm that works have been implemented.
Auctioneer's Note 2
We have been informed by the Seller a water pipe runs through the front of the site adjacent to King Street and alternate proposed plans altering the number of apartments to 21 will be included in the legal documentation available to download from the Clive Emson website. Prospective purchasers will be deemed to have carried out their own investigations in this regard.
Freehold with Vacant Possession
Summary
- Lot number
- 3
- Auction end
- 13th Dec at 11:07
- Property type
- Land
- Tenure
- Ask Agent
- Council tax band
- Ask Agent
Summary
- Lot number
- 3
- Auction end
- 13th Dec at 11:07
- Property type
- Land
- Tenure
- Ask Agent
- 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.
