*ONLINE Unconditional Auction Opening 16 March 2026*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/Lincolnshire
*GUIDE PRICE / EXPECTED SALE RANGE: £25,000 - £45,000 (plus fees)*
Description
Situation:
The property is situate on Addington Street, Margate, in the heart of this popular coastal Kent town. The property is within easy reach of the beach, harbour and a number of open green parks and spaces. Margate itself offers a hugely diverse range of facilities and amenities, and significant tourist trade.
Description:
A wonderful opportunity to acquire this unique end of terrace building, offering a wealth of potential for a variety of uses. The property is laid out as such that it would suit a studio style flat, or potentially use as an AirBNB/Serviced accommodation investment opportunity (Subject to Planning Permission Being Granted), with the residential letting market having strong demand, with 1 bedroom apartments on the market for circa £1000 pcm (£12,000 per annum).
Accommodation
Ground Floor
Open Plan Room
Spiral Staricase
First Floor
Open Plan Room
Material Information
Tenure:
The property is freehold. All prospective bidders should satisfy themselves of terms of the tenure, ground rent and service charge if applicable, by inspecting the legal pack.
Council Tax:
No information regarding council tax nor the rateable value has been obtained. Prospective buyers are advised to carry out their own investigations to verify this information.
Possession:
Vacant possession will be given upon completion.
Viewing:
Strictly by appointment with Auction House.
Services:
Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.
These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. Information relating to Phone & Broadband can be found by visiting Ofcom. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them. Any potential rental incomes are approximate based on Rightmove data at the time of preparing the details and bidders are advised to check with a local agent for an accurate valuation.
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
Non-refundable £3,600 inc VAT payable on the fall of the virtual gavel.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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- Unconditional (Immediate Exchange)
Call the team on 01427 616436 for more information
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
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