Summary - 14 MARKET PLACE MARGATE CT9 1ES
5 bed 1 bath Mews
Freehold auction lot with current income and refurbishment upside.
Mixed-use Victorian mews freehold with retail and three flats
A mixed-use Victorian mews building offered as a freehold investment with immediate rental income. The property currently generates £24,300 pa from a ground-floor shop and two let flats, with a third flat vacant. It will be sold unconditionally at online auction on 28 August 2025 — buyers should allow for deposit, buyer’s admin fee and completion within 28 days.
The vacant lower flat is subject to an improvement notice and prohibition order and will require remedial works and certification before re-letting. Two upper flats are configured as two-bed units (previous/ current rents £9,000 and £9,300 pa). The ground-floor retail unit extends to c.25 sq.m and is let at £6,000 pa.
This lot suits investors able to manage immediate repairs and lettings in a high-crime, very deprived part of Margate where demand is primarily rental. Refurbishment and compliance work present potential to increase total income, but purchasers must review the legal pack and budget for works, fees and auction conditions before bidding.
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