Get brand editions for Terence Painter Estate Agents, Broadstairs

8 bedroom commercial property for sale

King Street, Margate, Kent

£32,000

Property Description

Full description

Tenure: Leasehold

SUBSTANTIAL GRADE II LISTED PERIOD FORMER RESTAURANT & PUB TO LET IN CENTRAL MARGATE
This substantial former hotel, pub & more recently a restaurant is situation on a prominent corner position adjacent to Margate's Old Town and within 500 metres of the Turner Contemporary and sea front.
The property has more recently been used as a restaurant but was formerly a pub and hotel. With approx. 381m2 (4100sqft) of accommodation over three floors the property could now lend itself to a number of potential uses, subject to the appropriate planning and listed building consents.
The property, which does now require considerable improvement, is being offered with the benefit of a new lease at a starting rent of £32,000 per annum, terms to be agreed.

Property ref: 121_594_4653187


Entrance 
Entrance via double doors to storm porch with further double doors to reception and bar area.

Reception & Bar Area 
7.66m x 3.41m (25' 2" x 11' 2") With leaded light and coloured glass windows, part wood panelling to walls, wooden flooring and air-conditioning unit. Fitted bar with wood-block and tiled counter, stainless steel sink unit, fitted shelving.

Main Service/Restaurant Area 
12.09m x 3.74m widening to 4.09m (39' 8" x 12' 3" widening to 13' 5") With single and double doors and windows to the front. Wood flooring, air-conditioning unit and door leading to upper parts. Doors to gents, ladies and disabled W.C.s. Open to:

Further Dining/Lounge Area 
5.31m x 2.73m (17' 5" x 8' 11") Two windows to rear. Air-conditioning unit.

Gents W.C. 
With urinal, W.C. and wash hand basin. Tiling to floor and to half wall height.

Ladies W.C. 
Low level W.C. and wash hand basin.

Disabled W.C. 
With low level W.C. and wash hand basin.

Kitchen 
5.77m x 2.92m (18' 11" x 9' 7") With stainless steel wall panelling, stainless steel extractor unit, twin stainless steel sinks with electric water heater over. Wash hand basin. Tiled floor. Door leading out to rear courtyard.

Former Bathroom 
3.03m x 1.33m (9' 11" x 4' 4") Window to rear.

Room 1 
4.06m x 2.78m (13' 4" x 9' 1") This room is currently open to the hallway. Window to rear.

Function Room 
7.64m x 6.77m (25' 1" x 22' 3") With exposed brick walls and door leading to fire escape.

Office 1 
6.05m x 3.12m (19' 10" x 10' 3") Two windows to front.

Kitchen 2 
3.16m x 2.41m (10' 4" x 7' 11") Stainless steel sink unit. Window to front.

Kitchen 3 
3.47m x 2.74m (11' 5" x 9') Stainless steel sink unit, wash hand basin. Window to front.

Walk-in storage cupboard. 

Bathroom 2 
2.95m x 2.20m (9' 8" x 7' 3") Window to rear.

Dressing & Shower Room 
Overall measurement 3.10m x 2.70m (10' 2" x 8' 10") Window to rear.

Bedroom 1 
2.65m x 2.55m (8' 8" x 8' 4") Window to rear.

Bedroom 2 
3.40m x 3.38m (11' 2" x 11' 1") Window to rear.

Bedroom 3 
3.28m x 3.11m (10' 9" x 10' 2") Window to front.

Bedroom 4 
3.38m x 3.25m (11' 1" x 10' 8") Window to front.

Bedroom 5 
3.17m x 3.04m (10' 5" x 10') Window to front.

Bedroom 6 
3.30m x 3.07m (10' 10" x 10' 1") Window to front.

Bedroom 7 
3.34m x 2.37m (10' 11" x 7' 9") Window to front.

Bedroom 8 
3.96m x 3.58m (13' x 11' 9") Window to front.

Rear Courtyard 
Potential garden area with side access via gates. Side pedestrian access. Outside store measuring 4.70m x 2.25m (15' 5" x 7' 5").

Front Forecourt Parking 
To the front of the building is a forecourt area providing off-street parking for several vehicles.

Lease Terms 
The Landlord is offering a new lease with a proposed starting rent of £32,000 per annum. Terms to be agreed.

Agents Note 
Please note that the property does require significant repair and any improvements may require Listed Building Consent. Further floor plan layouts are available upon request.

Business Rates 
The Rateable Value for the property is currently £15,500, which is not the amount that you pay. The Rateable Value should be multiplied by the Non-domestic Business Rates Multiplier rate which is currently 49.3p (i.e. £7,641.50 payable) or Small Business Relief Multiplier which is 48p.

More information from this agent

Nearest stations

  • Margate (0.6 mi)
  • Westgate-on-Sea (2.1 mi)
  • Broadstairs (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Terence Painter Estate Agents, Broadstairs

Prospect House, 44 High Street, Broadstairs, CT10 1JT

01843 315055 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Terence Painter Estate Agents, Broadstairs

Prospect House, 44 High Street, Broadstairs, CT10 1JT

01843 315055 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Margate (0.6 mi)
  • Westgate-on-Sea (2.1 mi)
  • Broadstairs (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Terence Painter Estate Agents, Broadstairs

Prospect House, 44 High Street, Broadstairs, CT10 1JT

01843 315055 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 4653187. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Terence Painter Estate Agents, Broadstairs. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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