Commercial property for sale

Tenure: Freehold

A SUBSTANTIAL VACANT MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT PROPERTY OVERLOOKING MARGATE'S MAIN SANDS AND WITHIN YARDS OF THE NEW TURNER CONTEMPORARY CENTRE!
The commercial element of the premises, which exceeds 3300 sqft, is arranged over three floors and features a spacious sea facing balcony and high ceilings and would, in our opinion, lend themselves to be a fantastic bar or resturant, benefitting from some of Margate's most picturesque sea and spectacular sunset views.
The premises were formerly used as a public house and feature entrances from both the High Street and Marine Terrace as well as a substantial basement. This building truly has masses of potential.
Situated on the upper three levels are three newly refurbished self-contained flats, suitable for letting or owner occupation.

Basement

Basement
Measuring 8.66m x 6.02m (28'5 x 19'9 ) Accessed via the stairs from the Marine Drive ground floor level. There is also a small additional storage area. Approx total basement floor area, 55m2 (600ft2). Ceiling height 3.56m(11'8).

Ground Floor (Marine Terrace)

Gound Floor - Marine Terrace Level
Measuring approximately 14.02m x 5.49m average (45' 9 x 18' average). Part glazed shop front with double doors leading out to street level on Marine Terrace. Stairs leading up to Customer toilets & store room/office (approx 300ft2) at mezzanine level. Two inter-connecting storages rooms 10'10 x 9' 10 (3.30m x 3m) and 15'4 x 13' 3 (4.67m x 4.04m). Stairs leading to the basement and first floor levels. Approx floor area 134m2 (1445 ft2).

Ground Floor (High Street)

Ground Floor - High Street Level
Split level area measuring 23.92m x 5.79m narrowing to 3.15m (78'6 x 19' narrowing to 10'4). Large windows and French doors leading out onto the balcony with stunning sea and beach views. Stair case leading down to Marine Drive level. Access door from the High Street. Approx floor area 108m2 (1169 ft2) Plus balcony.
Agents Note: This level has planning consent (Planning Ref. No. F/TH/09/0316) to be converted into an additional two bedroom flat.

Flats Entrance:
With access via communal entrance from the High Street.

First Floor

Flat 1:
Duplex flat on first and second floor levels comprising hallway with understairs storage cupboard, two bedrooms, lounge, kitchen/diner and bathroom.

Lounge:
10' 4" x 10' 3" (3.15m x 3.12m) Sash window. Radiator. Television and telephone points. Inset ceiling lights.

Kitchen/diner:
10' 8" x 10' 6" (3.25m x 3.20m) Fitted with a range of units incorporating electric oven, gas hob, extractor, washer-dryer, fridge and freezer. Stainless steel sink unit inset to work surface area. Tiled floor. Inset ceiling lighting. Radiator. Wall mounted gas fired boiler. Sash window.

Bedroom 1:
13' 5" x 10' 4" (4.09m x 3.15m) Two sash windows. Radiator. Television point. Inset ceiling lights.

Bedroom 2:
10' 5" x 8' 7" (3.18m x 2.62m) Sash window. Radiator.

Bathroom:
Fully tiled and fitted with white suite comprising panelled bath, wash basin and low level w.c. Towel rail radiator. Sash window.

Flat 3:
With access via communal front door from the High Street. Comprising Lounge and Bedroom with Sea Views, Kitchen/diner and Bathroom.

Lounge:
13' 8" x 13' 5" (4.17m x 4.09m) Two sash windows with sea views across the beach.Two radiators. Television and telephone points.

Bedroom:
10' 4" x 9' 11" (3.15m x 3.02m) Sash window with sea views across the beach. radiator. Television point.

Kitchen/diner:
13' x 9' 5" (3.96m x 2.87m) Fitted with a range of units incorporating electric oven, gas hob, extractor, washer-dryer, fridge and freezer. Stainless steel sink unit inset to work surface area. Tiled floor. Inset ceiling lighting. Radiator. Wall mounted gas fired boiler. Sash window.

Bathroom:
Tiled floor and half wall height. Fitted with white suite comprising panelled bath, wash hand basin and low level w.c.

Second & Third Floor Levels

Flat 2:
With access via communal front door from the High Street. Duplex flat on second and third floor levels comprising two bedrooms with sea views, kitchen/diner, bathroom and a loft style lounge with sea views.

Bedroom 1:
13' 8" x 13' 8" (4.17m x 4.17m) Two sash windows with sea views across the beach. Two radiators. Inset ceiling lights.

Bedroom 2:
13' 7" x 10' (4.14m x 3.05m) Sash window with sea views across the beach. Radiator.

Kitchen/diner:
14' 8" narrowing to 10'3 " x 11' 6" (4.47m narrowing to 3.12m x 3.51m) Fitted with a range of units incorporating electric oven, gas hob, extractor, washer-dryer, fridge and freezer. Stainless steel sink unit inset to work surface area. Tiled floor. Inset ceiling lighting. Radiator. Wall mounted gas fired boiler. Sash window.

Bathroom:
Tiled to half wall height and tiled to floor. Fitted with period style free standing roll-top bath, low level w.c. and wash basin. Towel rail radiator. Sash window.

Lounge:
22' 10" x 17' 4" max (6.96m x 5.28m) max. Feature loft-style room with partial vaulted ceiling. Dual aspect with windows to front and rear some with sea views. Three radiators. Television and telephone points.

Agents Note:
We are advised by the vendors that they may consider selling the commercial and residential elements of the property separately, for further details please contact the Agents.

Property Ref:1_594_2005743