Lot 56: RARE OPPORTUNITY! SUBSTANTIAL FREEHOLD BLOCK WITH GOOD POTENTIAL ON SEAFRONT

Mixed Commercial/Residential - Thanet Area
12 & 13 Marine Gardens
Mixed Commercial/Residential - Thanet Area
1 & 2 Belgrave Road
Mixed Commercial/Residential - Thanet Area
View from 12 Marine Gardens
Available At £1,100,000 + Fees
12 & 13 Marine Gardens, Margate, Kent. CT9 1UN

Viewing by arrangement with Clive Emson Auctioneers

01622 608400

Jon Rimmer/Kevin Gilbert

Situated in a prominent position, opposite the Clock Tower on Margate’s seafront, are these two freehold blocks comprising a mix of six residential units and three commercial units. The flats located in 12 Marine Gardens require total refurbishment.

The buildings have potential for a number of future uses and, once refurbished/improved, would provide a good rental income, or possible change of use to a hotel which would benefit from the seafront position, subject to all necessary consents being obtainable.

There is also potential to add another floor to provide additional residential accommodation above numbers 1 and 2 Belgrave Road, again, subject to all necessary consents being obtainable.

12 Marine Gardens

Ground Floor

Shop floor, further room and cloakroom with W.C. Cellar.

Tenancy

Trading as Clock Tower Kebab under the terms of a 25 year lease from 4th April 1996 at a current rental of £7,800 per annum.

First Floor

Flat 1

Five rooms.

Second Floor

Flat 2

Five rooms.

Third Floor

Flat 3

Five rooms.

Flat 4

Five rooms.

13 Marine Gardens

Ground Floor (Vacant)

Shop floor, storage area, cloakroom with W.C. Cellar.

First Floor

Flat 1

Entrance hall, living room, kitchen, bedroom and bathroom with W.C.

Flat 2

Entrance hall, living room, kitchen, bedroom and shower room with W.C.

1 & 2 Belgrave Rd (Vacant)

Ground Floor

Kitchen, restaurant, seating area, male and female W.C.s. Cellar.

Local Planning Authority

Thanet District Council. Tel: 01843 577000. Website: thanet.gov.uk.

Viewing

Strictly by prior confirmed appointment with the Auctioneer’s Office. Interested applicants are requested not to contact the tenant directly.

Freehold with Part Vacant Possession

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