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Commercial property for sale

£22,500

High Street, Margate, Kent CT9

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Property features

  • Tenure: Leasehold

Property description

Double fronted high street shop with offices, large basement & sea views!
This deceptively spacious lock-up shop unit is located in the lower High Street within a few hundred yards of the Old Town and Turner Centre.
The double fronted shop unit offers over 1554sqft (144m2) of retail and office space at ground floor plus a substantial lower ground floor and basement of over 1431sqft (133m2).
The premises are to be offered with a new lease at a commencing rental of £22,500 per annum plus VAT, with terms to be agreed.

Ground Floor

Retail Area and Office
29.00m x 3.87m (95' 2" x 12' 8") Double fronted shop front with central recessed doorway. Rear office with large picture window with sea views across Margate's Main Sands.

Office 2
5.93m x 3.50m (19' 5" x 11' 6") Window to side.

Office 3
3.91m x 2.93m (12' 10" x 9' 7") Window to side. Door to outside.

Lower Ground Floor

Lower Ground Retail Area
10.48m x 4.00m (34' 5" x 13' 1")

Kitchenette/WC/Storage
5.00m x 2.19m (16' 5" x 7' 2") With stainless steel sink and separate W.C.

Basement Store
13.70m x 5.85m (44' 11" x 19' 2") Large basement storage area.

Terms

Lease & Rent
A new lease will be available at a starting rent of £22,500 plus VAT per annum, with lease terms by negotiation.

Legal Fees
The ingoing tenant is to be responsible for the Landlords legal costs in relation to this transaction.

Business Rates
The rateable value for the property £15,000.


Property info

What Zoopla users think of Margate

Overall rating:

  • currently 3 stars
Good - 58% (199 ratings)

Ratings breakdown:

  • currently 3 stars
Community & safety
  • currently 2.5 stars
Entertainment & nightlife
  • currently 3 stars
Parks & recreation
  • currently 3 stars
Restaurants & shopping
  • currently 3 stars
Schools & public services
  • currently 3 stars
Transport & travel

Rate Margate:

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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Margate (0.4 miles)
  • Westgate-on-Sea (1.9 miles)
  • Broadstairs (3.0 miles)
  • Manston Airport (3.5 miles)
  • London Southend Airport (32.1 miles)
  • Lydd Airport (35.5 miles)
  • Ramsgate Ferry Terminal (4.5 miles)
  • Dover Eastern Docks Ferry Terminal (18.3 miles)
  • Dover Western Docks Ferry Terminal (19.0 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)
  • St Gregory's Catholic Primary School, Margate (0.8 miles)
  • The King's School Canterbury (14.8 miles)
  • CATS Canterbury (14.9 miles)
  • Southend YMCA Community School (31.0 miles)
  • Hartsdown Academy (0.7 miles)
  • St Anthony's School (1.3 miles)
  • St George's Church of England Foundation School (2.3 miles)
Note: Distances are straight line measurements

Local info for Thanet

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For more information about this property, please contact
Terence Painter, CT10 on +44 1843 306256 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Terence Painter, and do not constitute property particulars. Please contact Terence Painter 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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