4 bedroom property for sale

£525,000

Interested in this property? Call 01843 606128 (local rate) or Arrange viewing

Property info

Property features

  • Tenure: Freehold

Property description

A substantial vacant mixed commercial and residential investment property overlooking margate'S main sands and within yards of the new turner contemporary centre!
The commercial element of the premises, which exceeds 3300 sqft, is arranged over three floors and features a spacious sea facing balcony and high ceilings and would, in our opinion, lend themselves to be a fantastic bar or resturant, benefitting from some of Margate's most picturesque sea and spectacular sunset views.
The premises were formerly used as a public house and feature entrances from both the High Street and Marine Terrace as well as a substantial basement. This building truly has masses of potential.
Situated on the upper three levels are three newly refurbished self-contained flats, suitable for letting or owner occupation.

Basement

Basement
Measuring 8.66m x 6.02m (28'5 x 19'9 ) Accessed via the stairs from the Marine Drive ground floor level. There is also a small additional storage area. Approx total basement floor area, 55m2 (600ft2). Ceiling height 3.56m(11'8).

Ground Floor (Marine Terrace)

Gound Floor - Marine Terrace Level
Measuring approximately 14.02m x 5.49m average (45' 9 x 18' average). Part glazed shop front with double doors leading out to street level on Marine Terrace. Stairs leading up to Customer toilets & store room/office (approx 300ft2) at mezzanine level. Two inter-connecting storages rooms 10'10 x 9' 10 (3.30m x 3m) and 15'4 x 13' 3 (4.67m x 4.04m). Stairs leading to the basement and first floor levels. Approx floor area 134m2 (1445 ft2).

Ground Floor (High Street)

Ground Floor - High Street Level
Split level area measuring 23.92m x 5.79m narrowing to 3.15m (78'6 x 19' narrowing to 10'4). Large windows and French doors leading out onto the balcony with stunning sea and beach views. Stair case leading down to Marine Drive level. Access door from the High Street. Approx floor area 108m2 (1169 ft2) Plus balcony.
Agents Note: This level has planning consent (Planning Ref. No. F/th/09/0316) to be converted into an additional two bedroom flat.

Flats Entrance:
With access via communal entrance from the High Street.

First Floor

Flat 1:
Duplex flat on first and second floor levels comprising hallway with understairs storage cupboard, two bedrooms, lounge, kitchen/diner and bathroom.

Lounge:
10' 4" x 10' 3" (3.15m x 3.12m) Sash window. Radiator. Television and telephone points. Inset ceiling lights.

Kitchen/diner:
10' 8" x 10' 6" (3.25m x 3.20m) Fitted with a range of units incorporating electric oven, gas hob, extractor, washer-dryer, fridge and freezer. Stainless steel sink unit inset to work surface area. Tiled floor. Inset ceiling lighting. Radiator. Wall mounted gas fired boiler. Sash window.

Bedroom 1:
13' 5" x 10' 4" (4.09m x 3.15m) Two sash windows. Radiator. Television point. Inset ceiling lights.

Bedroom 2:
10' 5" x 8' 7" (3.18m x 2.62m) Sash window. Radiator.

Bathroom:
Fully tiled and fitted with white suite comprising panelled bath, wash basin and low level w.C. Towel rail radiator. Sash window.

Flat 3:
With access via communal front door from the High Street. Comprising Lounge and Bedroom with Sea Views, Kitchen/diner and Bathroom.

Lounge:
13' 8" x 13' 5" (4.17m x 4.09m) Two sash windows with sea views across the beach.Two radiators. Television and telephone points.

Bedroom:
10' 4" x 9' 11" (3.15m x 3.02m) Sash window with sea views across the beach. Radiator. Television point.

Kitchen/diner:
13' x 9' 5" (3.96m x 2.87m) Fitted with a range of units incorporating electric oven, gas hob, extractor, washer-dryer, fridge and freezer. Stainless steel sink unit inset to work surface area. Tiled floor. Inset ceiling lighting. Radiator. Wall mounted gas fired boiler. Sash window.

Bathroom:
Tiled floor and half wall height. Fitted with white suite comprising panelled bath, wash hand basin and low level w.C.

Second & Third Floor Levels

Flat 2:
With access via communal front door from the High Street. Duplex flat on second and third floor levels comprising two bedrooms with sea views, kitchen/diner, bathroom and a loft style lounge with sea views.

Bedroom 1:
13' 8" x 13' 8" (4.17m x 4.17m) Two sash windows with sea views across the beach. Two radiators. Inset ceiling lights.

Bedroom 2:
13' 7" x 10' (4.14m x 3.05m) Sash window with sea views across the beach. Radiator.

Kitchen/diner:
14' 8" narrowing to 10'3 " x 11' 6" (4.47m narrowing to 3.12m x 3.51m) Fitted with a range of units incorporating electric oven, gas hob, extractor, washer-dryer, fridge and freezer. Stainless steel sink unit inset to work surface area. Tiled floor. Inset ceiling lighting. Radiator. Wall mounted gas fired boiler. Sash window.

Bathroom:
Tiled to half wall height and tiled to floor. Fitted with period style free standing roll-top bath, low level w.C. And wash basin. Towel rail radiator. Sash window.

Lounge:
22' 10" x 17' 4" max (6.96m x 5.28m) max. Feature loft-style room with partial vaulted ceiling. Dual aspect with windows to front and rear some with sea views. Three radiators. Television and telephone points.

Agents Note:
We are advised by the vendors that they may consider selling the commercial and residential elements of the property separately, for further details please contact the Agents.

Property Ref:84_594_2005743
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For more information about this property, please contact
Terence Painter, CT10 on 01843 606128 (local rate)

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This 4 bedroom property, located in High Street, Margate CT9 is listed for sale for £525,000 . The current asking price is 355% higher than the average current value for properties on 46 High Street & 18 Marine Drive Margate which is £115,469. There have been 6 property sales on 46 High Street & 18 Marine Drive Margate in the last 3 years, with sold house prices averaging £128,333. This property has 4 bedrooms and is located in Margate.

View all High Street property for sale

CT9 Zed-Index What is the Zed-Index
£144,670 £231,505 £164,802 £128,256 £89,407

stats for 
Value change
£1,190 (-0.82%) £6,178 (-4.10%) £6,356 (-4.21%) £14,462 (-9.09%) £335 (0.23%) £28,217 (-16.32%) £26,311 (-15.39%)
from 
Avg. price paid: £142,699
No. of property sales: 406
Avg. price paid: £148,893
No. of property sales: 1,402
Avg. price paid: £155,423
No. of property sales: 3,389
Avg. price paid: £151,831
No. of property sales: 5,516

Avg. asking price in CT9: £179,959
No. of properties for sale in CT9: 390
Avg. asking rent in CT9: £511 pcm
No. of properties to rent in CT9: 289

Property value data/graphs for CT9

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £231,505 £186 3.6 £217,506
Semi-detached £164,802 £147 3.4 £154,633
Terraced £128,256 £124 3.1 £120,112
Flats £89,407 £143 1.8 £89,553

Current asking prices in CT9

Avg. current asking prices in CT9
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £113,323
(6)
£140,841
(50)
£187,839
(101)
£271,549
(68)
£273,565
(15)
Flats £77,228
(49)
£104,818
(63)
£197,713
(11)
- £245,000
(1)
All £81,166
(55)
£120,757
(113)
£188,808
(112)
£271,549
(68)
£271,780
(16)

Current asking rents in CT9

Avg. current asking prices in CT9
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £429 pcm
(13)
£619 pcm
(22)
£716 pcm
(8)
£796 pcm
(12)
£1,426 pcm
(2)
Flats £430 pcm
(92)
£513 pcm
(121)
£543 pcm
(10)
£598 pcm
(1)
-
All £430 pcm
(105)
£529 pcm
(143)
£620 pcm
(18)
£780 pcm
(13)
£1,426 pcm
(2)

Fun facts for CT9

Highest value in CT9
Highest value streets Zed-Index What is the Zed-Index
Pembroke Avenue £366,375
The Ridings £348,105
Dent-De-Lion Court £337,834
Vincent Road £330,182
Princes Gardens £324,756
Highest turnover in CT9
Highest turnover streets Turnover What is Turnover?
Harold Road 88.4%
St. Marys Avenue 53.8%
Kings Mews 51.7%
Turnden Gardens 50.0%
Oak Tree Grove 46.2%

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