LOT 36

254-258 Northdown Road, Margate, Kent, CT9 2PX

FREEHOLD VACANT SEASIDE TOWN SITE WITH PLANNING PERMISSION FOR A RESTAURANT AND A 40 BEDROOM HOTEL WITH ANCILLARY ROOMS

Guide price: £450,000 - £475,000*

Auction Date

Thursday, 28th October 2021 12:00pm

Margate is an historic seaside town in Kent about 15 miles north-east of Canterbury and has many of the usual attractions and amusements including the Turner Contemporary art gallery plus theatres, museums and the harbour as well as the hospital and mainline station. The property comprises a rectangular site in the Cliftonville district of Margate on the busy Northdown Road, between shops and upper parts and opposite Costa.

OFFERED VACANT WITH PLANNING PERMISSION FOR A RESTAURANT, 40 BEDROOM HOTEL AND PARKING

Planning

GRANTED 26.02.2021 (ref. F/TH/20/0873) for ERECTION OF A 4 STOREY BUILDING (and part 3 storey, part single storey rear extension) with basement level to accommodate a 40 BEDROOM HOTEL with RESTAURANT at ground floor and basement and rear parking.

Site Area:

0.18 Acres (0.07 Hectares)

(from digital mapping)

Note

1. Auction Surveyor: Ian Mann
Contact: 020 8509 4407 ian.mann@strettons.co.uk
2. Previously sold in July 2021 but we understand the transaction failed to complete and the deposit was forfeited.

Status

Please refer to auctioneer for more information

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.