High Street

Margate, CT11 1DX


£195,000 Guide Price

REF # RC1128
P4140029.JPG

Property Features

  • Investments
  • Status: Sold

 

LOCATION:                                                                                             

The property is situated in the lower section of the High Street with other occupiers including Barclays Bank, Betfred, Specsavers, Store 21, KFC and Halifax.  The property is approximately 300 m. from the Regal Shopping Centre and 600 m. from the College Walk Shopping Centre.  The seafront is approximately 400 m. distant. 

 

There is on street parking available in the High Street (payable). 

 

DESCRIPTION:                                                                        

The property comprises a 3 storey mid terrace building with Coffee Shop on the ground floor with a sales area c. 48.76 sq.m. (525 sq.ft.) with ancillary storage and kitchen facilities c. 13.93 sq.m. (150 sq.ft.).  The Coffee Shop also had ladies and gentelmens cloakrooms. 

 

The upper floors comprise a 3 bedroom maisonette with sitting room, kitchen, bathroom and cloakroom and night storage heating. 

 

ACCOMMODATION:                                                                              

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

                                                                                                                 

Ground Floor

Café

Sales Area……………………………………………………………………………………………48.76 sq.m. (525 sq.ft.)

Store ……………………………………………………………………………………………………6.24 sq.m. (67 sq.ft.)

Kitchen…………………………………………………………………………………………………7.69 sq.m. (82 sq.ft.)

Lobby

Ladies and Gentlemens Cloakrooms

 

First Floor

Maisonette

Entrance Hall

Sitting Room                           3.64 m. x 4.82 m.

Kitchen                                    3.99 m. x 3.04 m.  With fitted kitchen, single drainer stainless steel sink unit

Bathroom                                With panelled bath and shower attachment and pedestal wash hand basin

Cloakroom                               With low level w.c.

 

Second Floor

Landing

Bedroom 1                              4.82 m. 2.77 m.

Bedroom 2                              4.80 m. x 2.39 m.

Bedroom 3                              3.24 m. x 2.78 m.

 

TENURE

Freehold subject to the existing tenancy. 

 

TENANCIES

The ground floor Coffee Shop is let on a 6 year FRI lease from 1st November 2015 at a rent of £700 per calendar month (£8,400 per annum).  In the third year there is a rent review and a tenants option to determine. 

 

The maisonette is let on a 6 month Assured Shorthold Tenancy from 29th March 2016 at a rent of £525 per calendar month. 

 

LEGAL COSTS:

Each party are to be responsible for their own legal costs in the transaction.

 

VIEWING:

For viewing arrangements please contact:

Kylie Boers on 01843 851000 kylie.boers@pearsongore.co.uk 

or Stuart Jerden on 01843 851000 stuart.jerden@pearsongore.co.uk


 

EPC - 37 High Street, Margate

 


COPYRIGHT:

All statements contained in these particulars as to this property are made without responsibility on the part of Pearson Gore or the vendors/lessors.  These particulars are the copyright of Pearson Gore and can only be reproduced with written consent from the above office.  We have not tested the equipment, appliances and services in this property.  Interested applicants are advised to commission the appropriate investigations before proceeding. Applicants should satisfy themselves that any necessary permission’s are in place for the use stated. Unless otherwise stated all prices/rents are quoted exclusive of VAT and SDLT.  Any intending purchaser/lessee should satisfy themselves independently as to the incidences of VAT prior to any transaction.    SUBJECT TO CONTRACT    RC1128/SJ/13/04/16

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