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Commercial property for sale

£25,000

The Hoy, Fort Hill, Margate, Kent CT9

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Property features

  • Tenure: Leasehold

Property description

Substantial pub & restaurant premises in prime seafront location
Situated on Margate's seafront directly opposite the Turner Contemporary is this spacious lock-up pub & restaurant premises. The premises has within recent years undergone a major refurbishment and is currently undergoing a complete kitchen re-fit. Offering superb sea views across the bay and overlooking the Turner Contemporary this truly is a prime location.
The premises offer approximately 1472sqft (136m2) of bar & restaurant space at ground floor level incorporating a 20ft (6m) long bar. In addition on the ground floor are disabled toilets/baby change facilities and a kitchen/preparation area of approximately 444sqft (41m2).
The main ladies and gents facilities are located at basement level together with a substantial cellarage of approx. 862sqft (80m2) incorporating an office and ample storage.
The premises are to be offered on a new lease with a premium of £25,000 and a commencing rental of £25,000 per annum, lease terms to be agreed.

Ground Floor

Entrance
The property has a front entrance via fort Hill and corner entrance via Mansion Street.

Bar & Restaurant
12.06m x 11.98m max (39' 7" x 39' 4" max) Part tiled and part wooden flooring. Windows to front with sea views and windows to side. Oak wood panelling to walls. Large bar in oak to one side measuring approx. 19' 8'' x 7' 3'' (6m x 2.2m). To include a range of bottle fridges, glass washer, glass storage racks, shelves and sink. Service access area from kitchen.

Kitchen & Preparation Area
Kitchen Area measuring approx. 9.74m x 2.68m (31' 11" x 8' 10") to be fitted with a new commercial kitchen in stainless steel. Tiled flooring. Rear fire escape/delivery access. Open to preparation area measuring approximately 13'1'' x 12' 9'' (3.91m x 3.88m).

Disabled W.C./Baby Change Area
Fully tiled and fitted with low level W.C. With wheelchair access and emergency safety cord. Wash hand basin and hand dryer. Built-in storage cupboard.

Basement

Gents W.C.
4.90m x 1.87m (16' 1" x 6' 2") Fully tiled and fitted with quality fittings to include urinals, two W.C's and wash hand facilities.

Ladies W.C.
3.85m x 3.35m (12' 8" x 11') Fully tiled and fitted with quality fittings to include four W.C's and wash hand facilities.

Cellarage, Store & Office
Private access to a large cellar area of approx. 862sqft (80m2) incorporating several storage rooms, office, laundry and beer cellarage with delivery hatch.

Terms

Premium & Rent
The Landlords are seeking a premium of £25,000 with a commencing rental of £25,000 per annum.

Lease
A new lease is available with terms to be agreed.

Business Rates
The rateable value for the property is currently £13,750.


Property info

Floorplan(s): Floorplan 1

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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
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  • currently 3 stars
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  • currently 3 stars
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  • currently 0 stars
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  • 4
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Nearby transport

  • Margate (0.6 miles)
  • Westgate-on-Sea (2.0 miles)
  • Broadstairs (3.0 miles)
  • Manston Airport (3.7 miles)
  • London Southend Airport (32.1 miles)
  • Lydd Airport (35.7 miles)
  • Ramsgate Ferry Terminal (4.6 miles)
  • Dover Eastern Docks Ferry Terminal (18.5 miles)
  • Dover Western Docks Ferry Terminal (19.2 miles)

Nearby schools

View all schools in Thanet
  • Margate, Holy Trinity and St John's Church of England Primary School (0.4 miles)
  • Salmestone Primary School (0.8 miles)
  • Drapers Mills Primary Academy (0.9 miles)
  • The King's School Canterbury (14.9 miles)
  • CATS Canterbury (15.0 miles)
  • Southend YMCA Community School (31.0 miles)
  • Hartsdown Academy (0.9 miles)
  • St Anthony's School (1.3 miles)
  • St George's Church of England Foundation School (2.4 miles)
Note: Distances are straight line measurements

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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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