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Restaurant/cafe for sale

£35,000 (£41.77/sq. ft) Fixed price

Lombard Street, Margate Old Town CT9

838 sq. ft*
Interested in this property? Call +44 1843 306030 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Situation


The property occupies a prominent corner position in the centre of the ‘Old Town’ conservation area facing the Market Place where various galleries, micro pubs and coffee shops as well as craft businesses can be found.

There is short term parking on the roads surrounding the property and within about 150 yards there is the multi storey car park.


Description


The property comprises lock-up shop and basement, with further tea room accommodation on first and second floors.


Rating


The whole property has a rateable value of £3,150 in the 2017 draft rating List.


Agreement


The property is to be let on a new lease for a term of years to be agreed. The lease will provide for Full Repairing & Insuring covenants.


Fees


Ingoing tenant to be responsible for all costs in preparing the agreement.


Tripadvisor


A few comments written about the business, “The cakes are delicious. Really, really good. Big, doorstep-sized portions with no stinting on the icing/filling.”

“your Host, is quite a character and bakes all the most scrumalicious cakes himself and they are to die for...”

“I would like to come back and take more friends/family to this quirky little tea room!”


Rent


The property is to be let at a rental of £22,000 pax, subject to contract.


Premium


We are instructed to offer the business, fixtures, fittings and goodwill for £35,000, subject to contract.


Viewings


By appointment with Clarke & Crittenden.

What Zoopla users think of Margate

Overall rating:

  • currently 3 stars
Good - 56% (181 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Margate:

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Margate (0.5 miles)
  • Westgate-on-Sea (2.0 miles)
  • Broadstairs (3.0 miles)
  • Manston Airport (3.6 miles)
  • London Southend Airport (32.2 miles)
  • Lydd Airport (35.6 miles)
  • Ramsgate Ferry Terminal (4.5 miles)
  • Dover Eastern Docks Ferry Terminal (18.4 miles)
  • Dover Western Docks Ferry Terminal (19.1 miles)

Nearby schools

View all schools in Thanet
  • Margate, Holy Trinity and St John's Church of England Primary School (0.3 miles)
  • Salmestone Primary School (0.7 miles)
  • Drapers Mills Primary Academy (0.8 miles)
  • Westgate College (0.4 miles)
  • Hilderstone College (2.8 miles)
  • East Kent College (3.3 miles)
  • Parkview Academy (0.5 miles)
  • Lighthouse School (0.6 miles)
  • Hartsdown Academy (0.9 miles)
Note: Distances are straight line measurements

Local info for Thanet

About the neighbours in CT9

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Clarke & Crittenden, CT7 on +44 1843 306030 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Clarke & Crittenden, and do not constitute property particulars. Please contact Clarke & Crittenden for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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