A bed and breakfast hotel on Margate seafront has sold at auction for £480,000 – £30,000 above the guide price.
Four-storey Somerville Hotel at 9 Canterbury Road (Westbrook) was among 180 lots listed by Clive Emson, the land and property auctioneers.
Jon Rimmer, auction appraiser, said: “This end-terrace freehold property, located on the corner of Station Road and Canterbury Road, has been run as a successful B&B for many years but may have potential for conversion, subject to all necessary consents being obtainable.
“There are uninterrupted sea views from the front of the building which has eight guest bedrooms and a one-bedroom manager’s accommodation.”
The auction ended yesterday (September 20). Joint auctioneers were Christie & Co.
