5 bed Flat For Sale £860,000
High Street, Margate

INVESTMENT OPPORTUNITY CENTRAL MARGATE COMMERCIAL & RESIDENTIAL

TMS ESTATE AGENTS are delighted to offer to the market this great opportunity to purchase a sizeable commercial property with residential above in the centre of Margate close to the PIazza and Old Town.

Currently leased for £20,000pa as a charity shop the commercial unit is very spacious and arranged over 2 floors. it was previously a bar and restaurant and therefore offers a variety of potential uses. The current lease expires in October 2023 and the new rental amount will be around £30,000 pa, there are already interested parties.

All of the residential units are tenanted, there is a self contained 1 bedroom apartment with its own entrance and outside space above 13 High Street, there is an option to extend above with necessary planning permission. There are 3 apartments above No 15, 2 x 1 bed and 1 x 2 bed all of which bring in rents just over £34,000 per annum.

This is a great investment property in the heart of Margate which is currently experiencing a fabulous revival through a conscious strategy of 'culture-led regeneration.

Margate has enjoyed a resurgence over the past decade and is now home to many thriving independent businesses, it boasts a thriving arts community, with a growing number of independent galleries, studios and workshops showcasing local and national talent. Margate still remains a leading seaside resort in the UK attracting visitors all year round.

Call TMS Estate Agents today on[use Contact Agent Button] to register your interest and book a viewing, we are available 7 days a week.

Commercial - Currently run as a Charity Shop

Shop Floor - large area with dual access to the basement,

Basement -

Residential -

Flat 13A - 1 Bedroom - Private Entrance to 1st floor flat, access to rear terrace
Lounge - 14' x 10' 5" (4.27m x 3.18m)
Kitchen - 12' 1" x 8' 5" (3.68m x 2.57m)
Bedroom - 11' 11" x 10' 2" (3.63m x 3.10m)
Bathroom -

Council Tax - A / EPC - E

Flat 1 - No 15 - 1 Bedroom 1st Floor Flat - Communal Entrance
Lounge - 17' 8" x 12' 4" (5.38m x 3.76m)
Kitchen - 13' 5" x 8' 5" (4.09m x 2.57m)
Inner Hallway
Bedroom - 14' 10" x 8' 5" (4.52m x 2.57m)
En Suite -

Council Tax - A / EPC - D

Flat 2 - No 15 - 1 Bedroom 2nd Floor Flat - Communal Entrance
Lounge - 17.7 x 11.1
Bedroom - 13.4 x 8.2
Bathroom - 8.2x 4.5
Inner Hall
Kitchen - 12.2 x 7.64

Council tax A / EPC - C

Flat 3 - No 15 - 2 Bedroom 2nd Floor Flat - Communal Hallway
Hallway - Stairs to upper level.
Lounge - 15'09 x 11'10
Kitchen - 11'11 x 6'02
Bedroom 2 - 13'08 x 12' in to recess.
Bathroom -

Council Tax B / EPC - D
Stairs to 2nd floor
Bedroom 1 - 16'04 x 9'03 minimum, 13'10 into recess.