Marine Parade Margate

Kent CT9 1UH


£185,000 Price Guide

REF # RC1218
DSC01032.JPG

Property Features

  • Investments
  • Status: For Sale
  • Square Ft.: 1160

LOCATION:                                                                

The property is situated in the upper section of Marine Gardens between the junction with Grosvenor Place and the High Street in Margate. The property is close to the town centre approximately 50 m. from the centre (Regal Walk). The College Square shopping centre is approximately 250 m. distant and the beach at Margate approximately 200 m. distant.

At the rear of the property is the Dreamland amusement park and entertainment centre which has benefitted from Heritage Lottery funding.

On the seafront at Margate is The Turner Contemporary Art Gallery designed by
David Chipperfield.

The mainline rail station at Margate is approximately 800 m. distant.

 

DESCRIPTION:                                               

The property comprises a four storey end of terrace building. The ground floor commercial unit is let to MegaBet which has a sales area c. 107.82 sq.m. (1126 sq.ft.), kitchen and cloakroom facilities.

The cellar comprises a former bar which is currently vacant c. 111.14 sq.m. (1196 sq.ft.) and has potential subject to obtaining any necessary planning consents.

The upper parts of the building comprise flats which have been sold off on long leases.

 

TENANCY:

The ground floor of the property is let to MegaBet on a 15 year lease from April 2006 at a current passing rent of £9,500 per annum. Further details of the lease are available upon request.

We understand the cellar was previously used as a wine bar but is currently vacant.

 

LEGAL COSTS:

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

 

 

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    RC1218/20/07/17/SJ

 

Loading Map...