127 Northdown Road , Margate

KENT CT92QY


£280,000 Price Guide

ladbrokes.jpg

Property Features

  • Retail
  • Status: Under Offer

LOCATION:

The property is situated in the Lower Section of Northdown Road which approximately 1.5km from Margate (Old Town) and the Turner Contemporary Art Gallery. Other uses in the vicinity include Estate Agents, Takeaways, Cafes and Post Office. The property is situated approximately 600m from the Seafront over looking Wallpole bay and approximately 1.5m from Margate Town Centre. The nearest mainline rail station is at Margate 2.5km with services to London St Pancras. There are good road communications to London via the A299 Thanet Way and the M2 motor way. Northdown Road has on street parking (payable). There is vehicular access to the rear of the property where there is a rear parking area.

DESCRIPTION:

The property comprises a freehold commercial investment let to Ladbrokes Betting and Gaming. The shop unit has a sales area. c.160.90sq.m (1732sw.ft). At the rear there is a kitchen c. 5.36sq.m (58sq.ft) and a store 3.74sq.m (37sq.ft) On the first floor there is an ancillary accomodation c. 82.38sq.m (887sq.ft).
Outside the property, the building fronts directly onto the pavement and at the rear there is a vehicular access to a parking area.

ACCOMMODATION:

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

Ground Floor
Frontage 11.20m
Internal Width 11.16m
Depth 14.59m (Max)
Sales Area ....................160.90sq.m (1732sq.ft)
The unit has suspended ceiling and two air conditioning units. There is a disabled cloakroom at the rear of the shop unit.
Kitchen.........................5.36sq.m (58sq.ft)
Single drainless stainless steel sink unit
Lobby
Store.............................3.47sq.m (37sq.ft)
Cloakroom

First Floor
Two open plan rooms c.79.21sq.m (853sq.ft)
At the rear there are 2 x ladies and gents cloakrooms.
Outside: There is a vehicular access to a parking area.

LEASE:

The property is let to Ladbrokes Betting and Gaming Limited on a 15 year Full repairing and lease at a rent of £18,250 per annum.

There is a rent review of 24th June 2024 and a break clause on the 23rd June 2024. Details of the lease are available upon request.

PRICE GUIDE:

£280,000 Subject to contract.

EPC: view here

COMMERCIAL TEAM:

Please call the Pearson Gore Commercial Line 01843 851000 and speak with Jodie Winch, Olivia Coad or Stuart Jerden.