12 Thanet properties due to go under the hammer

Lot 91 - 59 Ramsgate Road, Margate went for £340k

There is a huge focus on Thanet at a specialist land and property auction next month which has a mix of lots in Ramsgate, Margate and Broadstairs.

The Clive Emson auction takes place on Tuesday 12 September at the Clive Emson conference Centre in Detling, Maidstone, beginning at 11am.

Ramsgate

Chapel Place

Lot 51 – 21 Chapel Place, Ramsgate

There is an investment opportunity at 21 Chapel Place– a block of six flats in a central location.

Investors are likely to be lining up to bid on this building that is currently let at £32,160 per annum with a one-bedroom cottage at the rear vacant at present.

It is thought that this element – which requires improvement – might be extended subject to all necessary consents being obtainable.

All the rental units have one bedroom apart from Flat 7 that has two.

The freehold guide price is £450-460,000.

Dave Henwood, auction valuer, said: “This is a fine investment opportunity in itself, but there is further potential.

“As long as all necessary consents are obtainable it might be possible to extend the unit at the rear, which will obviously increase rental income.

“The geography of this building is excellent with its position near the town centre.”

Chatham Street

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Another Ramsgate lot that is likely to attract much attention is 3 Chatham Street, a town house with three bedrooms.

It is a substantial and versatile property over five floors and might be divided into flats should all necessary consents be obtainable.

It is being offered with a freehold guide price of £205-215,000.

High Street St Lawrence

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At 18a High Street in St Lawrence is a recently converted family home, which previously was a derelict cottage, workshop and garage.

The three-bedroom home is close to the railway station and has a freehold guide price of £290-295,000.

Eurokent Business Park

On Eurokent Business Park off New Haine Road/Ozengell Place is almost an acre of land with potential for development as long as all necessary consents are obtainable.

The freehold guide price of the land is £150,000-plus.

South Eastern Road

At 22 South Eastern Road in Ramsgate is ‘Trinley’, a freehold block of four one bedroom flats in need of improvement. They could be rented or done up for re-sale.

The freehold guide price is £150,000-plus.

Royal Road

At 29 Royal Road is a mid-terrace, three bedroom house for refurbishment. Its freehold guide price is £170-180,000.

Margate

Ramsgate Road

Lot 91 – 59 Ramsgate Road, Margate

A magnificent period property on a sizeable plot of land at 59 Ramsgate Road will go under the hammer.

The property  has four bedrooms and also a basement with four rooms.

As long as all necessary consents are obtainable it could be sub-divided into flats and possibly its garden developed.

The freehold guide price for the property is £270-280,000.

Dave Henwood said: “This lot has plenty of potential in several directions and we anticipate interest from investors and builders.”

Kallis café and flats

Another Margate opportunity is a block which includes a café-restaurant – Kallis – and three self-contained flats.

It is being sold due to retirement and has a freehold guide price of £290-295,000.

The flats require a programme of improvement, but the property is just a short walk from the beach and the high street.

Investors and those looking to own a long-standing business with the added benefit of three flats are likely to be interested.

Northdown Road

At 20 Northdown Road in Margate is a block of flats, one of which is going under the hammer.

Flat 1 requires improvement, but the one bedroom property which has the remainder of a 125 year lease from 2008 is being offered with a guide price of £42-45,000.

Lombard Street

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Another leasehold one-bed flat is situated at 6d Lombard Street in Margate which has the remainder of a 125-year lease from 2017. The guide price is £120-122,000.

St Peter’s

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A converted former chapel in St Peters is to go under the hammer.

The former Wesleyan place of worship at 34 High Street is now a four bedroom home with a garden and double garage.

Dave Henwood said: “This is a wonderful conversion of a period chapel and is well situated for local amenities and the town of Broadstairs.

“It is considered suitable for owner-occupation or as a letting investment.”

The freehold guide price is £320-325,000.

Broadstairs

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On offer in Broadstairs is a detached house for improvement at 22 Broadstairs Road. The three bedroom house with front and back gardens has a freehold guide price of £350-360,000.

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