Lombard Street, Margate

Kent CT9 1EJ


£18,000 per annum / Premium £35,000

REF # RC1223
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Property Features

  • Catering
  • Status: To Let
  • Square Ft.: 213

LOCATION:                                                                                          

The property is situated in a prominent corner position on the corner of Lombard Street and New Cross Street within the “Old Town” conservation area of Margate.  In the vicinity there are Galleries, Micro Breweries, Coffee Shops, Tearooms, Restaurants, Bars and Gift Shops.

The property is conveniently situated for Margate town centre which is approximately 250 m. distant and Margate seafront which is approximately 200 m. distant with the harbour and Turner Contemporary.  The nearest mainline station is at Margate approximately 1½ km. distant with services to London St Pancras. 

There is on street parking in the vicinity and a multi-storey car park in Hawley Street (B2055). 

The prominent location is ideal for a Tearooms and the Old Town is a popular location for visitors and the Turner Contemporary

 

DESCRIPTION:                                                                     

The property comprises a Tearoom on the ground floor c. 19.80 sq.m. (213 sq.ft.) with 21 covers decorated and furnished to a 1900 design with memorabilia on the walls.  At the rear of the Tearoom there is a kitchen c. 5.6 sq.m. (60 sq.ft.) which is fully equipped. 

On the first floor there is further seating c. 21.2 sq.m. (229 sq.ft.) providing an additional 30 covers.  There are also cloakrooms on the first floor.  There is a second floor c. 14.90 sq.m. (161 sq.ft.) providing additional accommodation. 

There is also a basement c. 16.3 sq.m. (175 sq.ft.) providing storage for the business.

Outside there is a courtyard with further 24 + covers. 

 

ACCOMMODATION:                                                                          

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

                                                                                                                 

Cellar

Storage………………………………………………………………………………………………..16.3 sq.m. (175 sq.ft.)

 

Ground Floor

Tearooms…………………………………………………………………………………………….19.8 sq.m. (213 sq.ft.)

Kitchen………………………………………………………………………………………………….5.6 sq.m. (60 sq.ft.)

 

First Floor

Seating Area………………………………………………………………………………………….21.2 sq.m. (229 sq.ft.)

Cloakrooms

 

Second Floor

Ancillary Accommodation…………………………………………………………………….14.9 sq.m. (161 sq.ft.)

 

BUSINESS RATES:

The Valuation Office have confirmed that the property has a rateable value of £3,150 effective 1st April 2017.

 

BUSINESS:

Details of the business would be available to prospect purchasers upon request.

 

FIXTURES AND FITTINGS

A list of the fixtures and fittings included in the sale would be available upon request.

 

RENT:

£18,000 per annum exclusive.

 

PREMIUM:

A premium of £35,000 is sought for the benefit of the goodwill, fixtures and fittings.

 

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    RC1223/09/08/17

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