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
Shop floor, further room and cloakroom with W.C. Cellar.
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.
13 Marine Gardens
Ground Floor (Vacant)
Shop floor, storage area, cloakroom with W.C. Cellar.
Entrance hall, living room, kitchen, bedroom and bathroom with W.C.
Entrance hall, living room, kitchen, bedroom and shower room with W.C.
1 & 2 Belgrave Rd (Vacant)
Kitchen, restaurant, seating area, male and female W.C.s. Cellar.
Local Planning Authority
Thanet District Council. Tel: 01843 577000. Website: thanet.gov.uk.
Strictly by prior confirmed appointment with the Auctioneers Office. Interested applicants are requested not to contact the tenant directly.