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Commercial Property for sale

Marine Gardens, Margate


Property Description

Key features

  • Let @ 9500 p/a
  • 3 years left on Lease
  • Large Basement
  • Great Investment
  • Works needed
  • Close to Old Town

Full description

Lovetts are delighted to offer this ideal investment opportunity to purchase the Freehold of this building that includes the shop, currently trading as MageBet with three years left on its lease, let at £9500 p/a, a basement Bar, approx. 1400ft sq, in need of complete refurbishment and the ground rents from the three flats above giving a further income of £450 p/a.
For more info call now to book your viewing.

125yrs Lease - £150 p/a doubling every 25 years

Shop Lease Expires - April 2021 Full self repairing and Insurance contribution.

Basement - Poss. 2 or 3 Bed Flat

More information from this agent

Map & Street View

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