Hotel with Sea Views - Planning Permissions Granted for conversion to 5 apartments - Margate (CT9)

Invest in your future with this exceptional property situated at 8 Ethelbert Crescent, Kent. This expansive hotel property offers an exciting opportunity for investors looking to capitalise on the booming hospitality industry. With 9 bedrooms, 9 bathrooms, and 6 reception rooms, this property is an impressive 4000 sqft, making it an ideal investment for those seeking to expand their portfolio.

Boasting planning permission for 5 flats, this property presents a unique chance to further maximize its potential profitability. The hotel is operational, ensuring immediate revenue generation and eliminating any additional waiting time. Whether you're an experienced investor or new to the property market, this opportunity offers a hassle-free and potentially lucrative venture.

Situated in the highly desirable Ethelbert Crescent, this property enjoys a prime location in Kent. Close to local amenities and offering easy access to transportation links, it is attractive to both short-term tourists and long-term residents. Combining the benefits of a hotel and residential living, this property offers flexibility and provides an excellent foundation for a successful investment.

The 9 spacious and beautifully appointed bedrooms are luxuriously designed to offer guests the utmost comfort during their stay. Each bedroom is accompanied by its own private bathroom, ensuring privacy and convenience. The property's stylishly designed reception rooms provide the perfect ambiance for relaxation and socializing, making it an attractive option for hosting events or connecting with guests. With ample space throughout, the property offers a versatile layout that can be easily adapted to meet various demands and purposes.

As this property is being sold at auction, it presents an exceptional opportunity to secure an investment at a potentially favorable price. Act now to capitalize on this exciting prospect and secure your place in one of the UK's most lucrative property markets. Don't miss out on a chance to own a property that promises both immediate returns and substantial future growth. Contact us today to arrange a viewing and take the first step towards making this remarkable property yours.

Auction Details

The lot is to be sold by traditional online auction

An auction buyer’s fee of 3.6% (inc of VAT) subject to a minimum fee of £6,000 (inc of VAT) is payable in addition to the purchase price.

The auction will be exclusively available online via the Rocket Auctions website including the legal pack information.

The registration process is as follows:

Stage 1) Register your email address, create a password and confirm your account.

Stage 2) View the legal pack and arrange any viewings

Stage 3) If you would like to bid, use the 'dashboard' button and complete your ID check and enter your payment and solicitors details

Stage 4) You are ready to bid - Good Luck!

No deposit monies are required before you bid.Guide price(s) are an indication of the seller's expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction. The reserve price is not disclosed and remains confidential between the seller and the auctioneer and is set within the guide range.

A legal pack and special conditions are available to download to anyone who has registered. It is the purchaser's responsibility to make all necessary legal and financial enquiries prior to placing any bids.

The complete legal pack would need to be inspected before an offer would be considered.

Please get in touch if you have any questions regarding Online auctions or would like to arrange a viewing.