Marine Gardens and Belgrave Road , Margate

KENT CT91XG


£1,250,000 Price Guide

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Property Features

  • Investments
  • Status: For Sale
  • Sea View
  • Terraced
  • Two or More Stories

LOCATION:

The property is situated in a prominent corner position on the junction of Marine Gardens and Belgrave Road overlooking the clock tower and Margate Beach.

The occupiers in the vicinity include restaurants, cafes, takeaways and amusement arcades. It is conveniently situated for the Pleasure Park of Dreamland and the Turner Contemporary Art Gallery.

The town centre of Margate is approximately 100m distant with shops and two shopping centres. The mainline rail station at Margate has fast train services to London St Pancras and is approximately 400m distant. There are good road links to London via the A299 Thanet Way and the M2 motoroway.

 

ABOUT:

The property offers an investment opportunity in a prime seafront location.

The ground floor comprises three commercial units, one currently trading as a takeaway. The other units comprise a former newsagents and fish and chip shop.

The upper parts of the building comprise 2x one bedroom and 4x two bedroom flats with excellent sea views across the Margate Beach. 

The building has the potential for a number of future uses and once refurbished would provide good rental income in this seafront location subject to all necessary consents being obtained.

 

ACCOMMODATION:

NB: All measurements shown are believed to be accurate but must be regarded as approximate only.  No appliances or services tested.  

COMMERCIAL UNIT 1 - Currently the 'Clock Tower Kebab House'. An A5 shop unit let on a commercial lease for a 25yr term from 1996 at £7800pa.


GROUND FLOOR
Restaurant 23'5" (7.14m) x 16'6" (5.03m)
Storeroom 11'8" (3.56m) x 10'10" (3.30m)
Utility Room (2 Sections) 9' (2.74m) x 3'3" (0.99m) and 6'9" (2.06m) x 6'2" (1.88m)
Rear Storeroom 22'3" (6.78m) x 7'1" (2.16m)

BASEMENT
Disused WC and Fire exit
Plant Room 10'4" (3.15m) x 10'4" (3.15m)
Storeroom 1 13'9" (4.19m) x 5'10" (1.78m)
Storeroom 2 10' (3.05m) x 8' (2.44m)
Storeroom 3 14'6" (4.42m) x 7'5" (2.26m)

COMMERCIAL UNIT 2 - Vacant A1 shop unit
Front Retail Unit 18'4" (5.59m) x 15'6" (4.72m)
Storage Area 13'4" (4.06m) x 13'1" (3.99m)
WC 6'7" (2.01m) x 4' (1.22m)

COMMERCIAL UNIT 3 - An A3/A5 shop unit
GROUND FLOOR
Main Kitchen/Restaurant Area 25'9" (7.85m) x 10'3" (3.12m)
Prep room with adjoining
seating area 20' (6.10m) x 12'6" (3.81m)
Upper Seating area 20'3" (6.17m) x 16'9" (5.11m)
Men's W.C
Ladies W.C
BASEMENT
Preparation/Storeroom 20'9" (6.32m) x 13'5" (4.09m)
Freezer/Storeroom 14'10" (4.52m) x 13'5" (4.09m)
Storeroom 14'6" (4.42m) x 8'8" (2.64m)

COMMUNAL ENTRANCE HALL 1 - Providing access to the 2 x 1 bedroom apartments with allocated storage areas.

APARTMENT 1
Lounge 15' (4.57m) x 12'4" (3.76m) Direct sea views
Kitchen 10'6" (3.20m) x 9'8" (2.95m)
Bedroom 11'8" (3.56m) x 9'2" (2.79m) Direct sea views
Bathroom 10'5" (3.18m) x 6'10" (2.08m)

APARTMENT 2
Lounge 15' (4.57m) x 13'1" (3.99m) Direct sea views
Kitchen 9'1" (2.77m) x 9'1" (2.77m)
Bedroom 15'2" (4.62m) x 9' (2.74m) Direct sea views
Bathroom 13'11" (4.24m) x 4'2" (1.27m)

COMMUNAL ENTRANCE HALL 2 - Providing access to the remaining 4 x 2 bedroom apartments.

SPLIT LEVEL APARTMENT 1
Lounge 13'7" (4.14m) x 11'9" (3.58m) Direct sea views
Kitchen
Bedroom 1 10'9" (3.28m) x 10'4" (3.15m)
Bedroom 2 14'8" (4.47m) x 8'1" (2.46m) Direct sea views
Bathroom 6'5" (1.96m) x 5'1" (1.55m)

SPLIT LEVEL APARTMENT 2
Lounge 15' (4.57m) x 12'11" (3.94m) Direct sea views
Kitchen 10'1" (3.07m) x 6'3" (1.91m)
Bedroom 1 15'2" (4.62m) x 13'11" (4.24m)
Bedroom 2 11'10" (3.61m) x 8'6" (2.59m) Direct sea views
Bathroom 13' (3.96m) x 3' (0.91m)

APARTMENT 3
Lounge 14'11" (4.55m) x 13'6" (4.11m) Direct sea views
Kitchen 10'3" (3.12m) x 9'9" (2.97m)
Bedroom 1 11'7" (3.53m) x 10'9" (3.28m)
Bedroom 2 12'1" (3.68m) x 8'9" (2.67m) Direct sea views
Bathroom 7'3" (2.21m) x 4'4" (1.32m)

APARTMENT 4
Lounge 14'5" (4.39m) x 11'10" (3.61m) Direct sea views
Kitchen 10'7" (3.23m) x 10'3" (3.12m)
Bedroom 1 14'6" (4.42m) x 11'6" (3.51m)
Bedroom 2 11'11" (3.63m) x 7'4" (2.24m) Direct sea views
Bathroom 8'4" (2.54m) x 3'8" (1.12m)

The Local Planning Authority - Thanet District Council: www.thanet.gov.uk

VIEWING:


For viewing arrangements please contact:

Jodie Winch on JodieWinch@MilesandBarr.co.uk
Stuart Jerden on Stuart.Jerden@pearsongore.co.uk