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60 bedroom residential development for sale

Norfolk Road, Margate, Kent

Sold STC £1,300,000

Property Description

Key features

  • Investment Opportunity
  • 50 + Bedrooms
  • Multiple Reception Rooms
  • Ideal Hotel
  • Potential for Residential
  • c2 use
  • Popular Location
  • Close To Seafront
  • Freehold

Full description

Offering approximately 26,295 sq ft of space this type and size of Freehold property is rarely available and is available to purchase now! Being located in Cliftonville, close to the popular seaside town of Margate the property has been used by the Institute of St Anslems for Residential Training and as a Retreat Centre. This business is now relocating to Rome, Italy which is why this property has reached the market.
The property offers a wealth of possible uses perhaps as the base for a similar institution, returned to a much needed quality hotel to service the up and coming area or perhaps as an investment vehicle of some description. The property is situated over 3 floors and has multiple staircases and a lift. The property has 60+ bedrooms, most being en-suite and some having their own reception areas/rooms. On the ground floor the property has a number of reception areas, offices, a chapel, recreation rooms and a large room that was formerly a swimming pool complex and was converted by the institute so it could be returned to its former use as required. There are dining rooms, a lecture theatre, equipped catering kitchen plus a number of ancillary facilities. (Please see attached floorplans) In our opinion and after inspection the property has been well kept by the vendors and regularly maintained which has included considerable works including new roofs, double glazing, up to date fire detection and lighting and a good standard of maintenance throughout. Please make an appointment to view through the owners preferred agents Cooke & Co 01843 231833 or see more photos at www.cookeandco.com

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More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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