A studio flat in Margate with a guide price of £40,000, a plot of land in Hartsdown Park and a four-storey Ramsgate property currently occupied on the ground floor by a barber’s shop are three of the Thanet lots on offer at an auction next month.
The studio flat is at 186-188 High Street and has the remainder of a 99-year lease from 1993 and a guide price of £40-45,000.
A freehold plot of land and buildings at Hartsdown Park, Hartsdown Road in Margate, has a guide price of £320,000 plus. The buildings are let at £14,300 per annum.
A four-storey building being sold is 18 Grange Road in Ramsgate. ground floor is currently occupied by Scizzors barber’s shop and beauty salon and there is a two-bedroom maisonette above. It is currently let at £16,740 per annum and has a freehold guide price of £185,000-190,000.
A period first floor flat at 12 Victoria Court, The Royal Seabathing Hospital, in Canterbury Road, Margate, is also up for offer.
The flat has been run as a furnished holiday let for many years and now the leasehold interest is being offered with a guide price of £150,000-plus.
There is also a freehold block of three flats at 5 Gordon Road in Cliftonville which has a guide price of £215-220,000.
It is currently let at £19,200 per annum and represents an investment opportunity.
A four-storey property at 124 Grosvenor Place in Margate, containing two, two bedroom maisonettes, will also be auctioned. It is let at £12,600 per annum and has a freehold guide price of £160,000-165,000.
Also at the sale is 7 Addington Street in Margate, a large, mid-terrace property with four self-contained flats. Currently it is let at £19,860 per annum and it has a freehold guide price of £250-260,000.
In Ramsgate, Mews House at 50 Rodney Street, which has an estimated rental income of £8,400 per annum, is offered with a freehold guide price of £135-140,000.
There is also an end-terrace two bedroom house for occupation or investment at 12 Tivoli Road in Margate. It has a freehold guide price of £165,000-175,000.
In Cliftonville there is Flat 12, Majestic Court, a one bedroom flat with sea views. It has the remainder of a 999 year lease from 2016 and a guide price of £90,000-95,000.
The sale takes place on Monday, September 10 at the Clive Emson Conference Centre, Kent County Showground, Detling, beginning at 11am.
