Investment opportunity in prime sea-facing position


This Grade II Listed period mid-terrace property is located in a prime sea-facing position overlooking Marine Gardens, Margate. With accommodation arranged over five floors the property affords sea and beach views from the ground floor upwards. The property currently comprises three one bedroom flats on the upper three floors, one of which are currently let on Assured Shorthold Tenancies, with a vacant office suite on the ground floor and further studio flat at lower ground floor level which is also vacant. The property also benefits from a parking area/yard at the rear and could in our opinion potentially be reconfigured to provide five Air-BnB style holiday-let units, subject to any required planning consents.
Lower ground floor

studio flat

Currently arranged as a studio flat with separate entrance, kitchen area and shower room/wc.
Entrance lobby: With access to cellar storage.
Living/Bedroom: 4.52m max narrowing to 3.97m x 4.50m (14' 10" to 13' x 14' 9")
Kitchen: 3.02m x 1.85m (9'11 x 6' 1")
Utility Room: 1.51m 1.49m (5' x 4' 10'')
Shower room/W.C.: 60m x 1.49m (5' 3" x 4' 10)
Ground floor

offices

Currently arranged as a two roomed office suite with separate w.c. Sea Views.
Room One: 5.28m into bay x 3.64m narrowing to 3.18m (17' 4" x 11'11" to 10' 5") Double doors to:
Room Two: 3.64m x 2.70m extending to 3.19m 11'11 x 8'10 to 10'6")
Landing Area: With access to rear and to the upper flats.
Separate W.C.
First floor

one bedroom flat

Currently arranged as a one bedroom flat with living and kitchen areas, one bedroom and separate shower/w.c. Sea veiws.
Second floor

one bedroom flat

Currently arranged as a one bedroom flat with lounge, kitchen, one bedroom and shower/w.c. Sea Views.
Flat 7
Hall: 1.94m x 1.49m
Lounge: 4.82m x 3.47m narrowing to 2.60m
Kitchen: 2.56m x 1.76m
Bedroom: 3.69m x 2.73m
Shower Room/WC: 2.89m x 1.73m
Third floor

one bedroom flat

Currently arranged as a one bedroom flat with kitchen and living areas, one bedroom and shower/w.c. Sea views.

Agents notes:
1. The property is currently inter-connected with a neighbouring property and therefore some separation works will be required prior to completion of a sale. These works will be undertaken by the current owners.
2. The internal layouts of the kitchen and living room areas within the flats may alter slightly from the floorplans shown.
Exterior

The the rear of the property is a private parking area/yard which is accessed by a service lane.