{"loaderData":{"0-3":{"propertyListing":{"building":{"id":"755867885176097","summary":"KENT - TOWN CENTRE PUB WITH PLANNING FOR FOUR FLATS. Town centre location in gentrifying seaside town. Substantial four-storey property. Ground floor commercial unit. Planning permission for four flats above. Potential rental income of £95,000 per annum. Rare mixed-use opportunity.","archived":false,"description":"The property is situated in the seaside town of Margate, in the Thanet district of Kent. The town is located on the North Kent coast approximately 16 miles north-east of Canterbury and boasts a population in the region of 61,000 residents. Historically, a significant maritime port, the town is now predominantly residential. However, it does boast landmarks including sandy beaches, Dreamland Amusement Park, Shell Grotto and the Turner Contemporary Art Gallery. The town has, and is still, undergoing significant regeneration and gentrification, fuelled by young professionals and investors relocating from London.

The town boasts excellent transport links with fast road connections via the A2/M2 to the M25 at Dartford and Central London beyond. Margate rail station provides services into London Victoria, as well as High Speed 1 services to London St Pancras, Ashford International and Canterbury West.

The property is situated on the town's High Street, a short walk from the beach, Hawley Square and Mill Lane multi-storey car park.

The property is a substantial four-storey, mid-terrace building, of brick construction under a pitched and flat roof. The property comprises:

GROUND FLOOR:
- BAR: Open plan bar area.
- GENTLEMEN'S TOILETS.
- LADIES' TOILETS.
- TRADE KITCHEN.
- STORAGE.

BASEMENT:
- CELLAR: Divided into three rooms.

FIRST FLOOR:
- THREE STUDIO BEDROOMS with EN SUITE BATHROOMS.

SECOND FLOOR:
- TWO STUDIO BEDROOMS with EN SUITE SHOWERS and WC.
- STUDIO BEDROOM with EN SUITE BATHROOM.
- STUDIO BEDROOM.
- SHOWER and WC ROOM.
- BATHROOM.
- WC.

THIRD FLOOR:
- KITCHEN/LIVING/DINING ROOM.
- SHOWER and WC ROOM.
- TWO DOUBLE BEDROOMS.

EXTERNAL:
- BEER GARDEN.

The public house business operating at ground floor and basement levels are unaffected by the sale.

The property is sold with the benefit of planning permission for the change of use of the upper floors from seven bedsits to three one bedroom and one two bedroom, self-contained flats together with alterations to fenestrations. Full details can be found registered with Thanet District Council under planning reference F/TH/25/0517. Floor plans available on request. Having explored the opportunity with local estate agents, we are of the understanding that the four new flats will be capable of generating a rental income in the region of £45,000 per annum.

FREEHOLD - £850,000. Sold with vacant possession or subject to the following:

The public house, basement and associated bedsit are currently held on a lease. This is a full repairing and insuring lease agreement to an individual tenant for a term of ten years commencing 26th July 2023 and falls within Part II Landlord & Tenant Act 1954. The lease is subject to a break clause at year five. Rent is £50,000 per annum, with no rent reviews.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.","disclaimer":{"raw":"Disclaimer - Property reference 95977. The information displayed about this property comprises a\n property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of\n the advertisement or any linked or associated information, and Rightmove has no control over the\n content. This property advertisement does not constitute property particulars. The information is\n provided and maintained by Sidney Phillips Limited , South East. Please contact the selling\n agent or developer directly to obtain any information which may be available under the terms of\n The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations\n 2007 or the Home Report if in relation to a residential property in Scotland.\n"},"transactionType":"SALES","amenities":[],"keyFeatures":["Town centre location in gentrifying seaside town","Substantial four-storey property","Ground floor commercial unit","Planning permission for four flats above","Potential rental income of £95,000 per annum","Rare mixed-use opportunity"],"environment":{"epcRating":null,"breeamRating":null,"environmentalDescription":null},"pricing":{"price":750000,"displayQualifier":"NONE","frequency":null,"rentObligation":null},"useClasses":["C3","Sui Generis","F1","C2"],"tenureType":"FREEHOLD","tenureYearsRemaining":null,"parkingSpaces":0,"yearBuilt":null,"yearRenovated":null,"listedBuilding":null,"numberOfFloors":4,"planningPermission":null,"businessForSale":false,"media":{"brochures":[],"photos":[{"uri":"property-photo/886114911/755867885176097/886114911ad879e877a1d18619381e39.jpeg","description":""},{"uri":"property-photo/a11c5f304/755867885176097/a11c5f30461132a1f0061ba7c65e373c.jpeg","description":""},{"uri":"property-photo/8f7ec1c6a/755867885176097/8f7ec1c6ab1e7113fc3fb3567bddd313.jpeg","description":""},{"uri":"property-photo/3efbfcdde/755867885176097/3efbfcdded75b57d463736e76d810b33.jpeg","description":""},{"uri":"property-photo/b1b95062d/755867885176097/b1b95062d0d0b2266c996a2779be3cad.jpeg","description":""},{"uri":"property-photo/a21f3f57e/755867885176097/a21f3f57eef0b7e092a717152344499a.jpeg","description":""},{"uri":"property-photo/d654ed95d/755867885176097/d654ed95dd5d2b68907e465cccfb4395.jpeg","description":""},{"uri":"property-photo/cfe29249b/755867885176097/cfe29249b19fb394f85030c7429e18e8.jpeg","description":""},{"uri":"property-photo/82b342167/755867885176097/82b342167a610e6fffca1fbecb20dfdb.jpeg","description":""},{"uri":"property-photo/08e3a0fe1/755867885176097/08e3a0fe171101a78a4ef1bfff2dbbac.jpeg","description":""},{"uri":"property-photo/bae4bc13a/755867885176097/bae4bc13aa3987f436e7455256759bee.jpeg","description":""}],"floorPlans":[],"virtualTours":[],"videoTours":[],"epcs":[],"epcGraphs":[]},"sizing":{"unit":null,"size":null,"minSize":1,"measurementType":null,"maxSize":10000},"location":{"displayAddress":"High Street, Margate, Kent, CT9","showMap":true,"postcode":{"incode":"1JT","outcode":"CT9"},"streetView":{"latitude":0,"longitude":0,"heading":0,"pitch":0,"zoom":1,"showStreetView":true},"latitude":51.38605,"longitude":1.38154},"nearestStations":[{"distance":0.4108747661156732,"name":"Margate Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":1.921238891940715,"name":"Westgate-on-Sea Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":2.8518594534623083,"name":"Broadstairs Station","types":["NATIONAL_TRAIN"],"unit":"miles"}],"agents":[{"name":"Sidney Phillips Limited , South East","email":null,"profileUrl":"/estate-agents/agent/Sidney-Phillips-Limited/South-East-205031.html","logo":"/partner-logo/22137302-LOGO-1765975056.jpeg","id":205031,"description":"

Our experienced team specialises in providing sales, acquisition and valuation services to the licensed trade including public houses, hotels, restaurants, coffee shops, clubs, leisure units, investments and development sites.

","telephoneNumber":"01892 352914","morePropertiesFromAgentUrl":"/commercial-property-for-sale/find/Sidney-Phillips-Limited/South-East.html?locationIdentifier=BRANCH%5E205031&propertyStatus=all&includeLetAgreed=true&_includeLetAgreed=on","primaryBrandColour":null}],"owner":{"description":null,"name":null},"primaryPropertyClassification":{"propertyClassificationSubType":"LEISURE_FACILITY","propertyClassificationType":"LEISURE_AND_HOSPITALITY","offices":null,"industrialAndLogistics":null,"leisureAndHospitality":{"bedrooms":9},"retail":null},"secondaryPropertyClassifications":[],"letType":null,"letContractLength":null,"status":"AVAILABLE","availableDate":null,"serviceCharge":null,"businessRates":null,"isRentAllInclusive":null,"products":{"commercialSearchProminenceEnabled":false,"featuredProperty":false,"premiumListing":false,"premiumListingLabel":null},"auction":false,"spaces":[]}},"mediaParams":{"mediaType":"photos","mediaIndex":10}}},"actionData":null,"errors":null}