Lot 98 - 254/258 Northdown Road, Margate, Kent, CT9 2PX


 
 

About the property

Freehold Vacant Site with Planning Consent Granted for a Forty Bedroom Hotel and Restaurant

Thanet District Council

Situated on Northdown Road in a sought after vibrant location with a wide selection of bars, restaurants, shops and travelling facilities including the old Town Centre, Margate Beach, Margate Train Station (Southeastern) and Manston International Airport within 5 miles.

A Freehold Site of Approximately 728 sq m (0.18 Acres) with planning consent granted by Thanet District Council dated 26th February 2021 under Planning Reference Number F/TH/20/0873 for ‘Erection of a four storey building (and part three storey, part single storey rear extension) with basement level to accommodate a Forty Bedroom Hotel (use class C1) with restaurant at ground floor and basement level, and associated parking to rear. Copies of the plans and documents available for inspection via Thanet District Council Planning Portal.

Vacant Possession 

Inspection: On Site

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.

There is a buyers fee payable to McHugh & Co of £1,000 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.

The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.

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