High Street , Margate

Kent CT9 1DX


£27,500 per annum

REF # RC1171
Thanet_Beds_street_view_-_High_Street.jpg

Property Features

  • Retail
  • Status: To Let
  • Square Ft.: 4242

LOCATION:

The property is situated in a prime High Street location in the central shopping centre of Margate. This section of the High Street is a one way vehicular route between the seafront (Marine Drive) and Queen Street.

 

Margates Old Town is within a 5 minute walk from the seafront.  The property is approximately ½ a mile east of the rail station at Margate.  Direct services to London St Pancras (1 hour 30 minutes) and London Canon Street/London Victoria (1 hour 50 minutes).

 

Occupiers in the vicinity include KFC, Burger King, Barclays, Natwest and Halifax and Costa Coffee.  The Centre Shopping Centre is approximately 100 m. distant and the College Square Shopping
Centre is approximately 400 m. distant which has a multi-storey car park.

 

DESCRIPTION:                                                                  

The property comprises a large shop/showroom with a retail sales area on the ground and basement floor c. 394.11 sq.m. (4,242 sq.ft).  There is ancillary storage accommodation c. 64.71 sq.m. (696 sq.ft.).

 

The sales area has a suspended ceiling, lighting and single glazed shop front with a recessed entrance area.  There are Thermoscreen heaters, fire and burglar alarms.

 

ACCOMMODATION:                                                                      

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

                                                                                                                 

Ground Floor

Retail Sales Area………………………………………………………………………………..193.20 sq.m. (2,080 sq.ft.)

Ancillary Storage Area…….………………………………………………………………....19.88 sq.m. (214 sq.ft.)

 

Lower Ground Floor

Retail Sales Area……….…………………………………………………………….…………..200.91 sq.m. (2,162 sq.ft.)

Ancillary Storage…………………………………………………………..……………………....44.83 sq.m. (482 sq.ft.)

 

 

LEASE:

The basement and ground floor is subject to a 7 year FRI lease granted 13th May 2013 (expiring 12th May 2020).  The current rent is £27,500 per annum subject to a rent review in the 5th year.  The lease contains a break clause on the 12th May 2018 upon 6 month notice.

 

 

LEGAL COSTS:

The ingoing tenant would be responsible for our Clients reasonable legal costs.

 

 

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

 

 

 

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    RC1171/SJ/07/10/16

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