Freehold Town Centre Residential And Commercial Investment
Current Rental : £30,200 Per Annum
*Guide Price : £270,000 - £280,000 + Fees
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Located in the pedestrianised area of Ramsgate High Street, close to the marina and nationwide retailers, is this freehold three storey building. The property is arranged as a ground floor shop let to Shoe Zone, and a three bedroom maisonette recently refurbished to a high standard, and accessed to the rear via Cavendish Street.
Ground Floor Large shop floor, stock room and second stock room to rear, staff room and W.C.s.
Cellar Large stock room.
Tenancy Let under the terms of a five year lease, from 26th February 2016, at a current rental of £20,000 per annum.
A copy of the lease will be available to download from the Clive Emson website or inspection at the Auctioneer's Office.
Maisonette First Floor (Accessed Via Cavendish Street) Hallway, kitchen/diner and living room and shower room with W.C.
Second Floor Landing, three double bedrooms and bathroom with shower and W.C.
Tenancy Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £850 per calendar month.
Viewing Viewers are requested to meet at the front of the property outside Shoe Zone. Residential EPC: D Commercial EPC: D Important: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.
Please note, following the Governments advice, remaining lots are now being offered via our online platform. The online auction will be held on Wednesday 1st April. To register for our online auction please download the Remote Bidding Form at . To bid you will need to complete the form and return it to us by 3pm the day prior to the auction, along with the necessary id and any required funds. For further information please go to or call us on .
Price Information *Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on , in order to stay fully informed with the up-to-date information.
*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to
Property descriptions and related information displayed on this page are marketing materials provided by Clive Emson Auctioneers. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Clive Emson Auctioneers for full details and further information.
Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.
The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.