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£1,850,000
High Street, Margate, CT9
- 0 beds
£1,850,000
- 0 beds
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SUBSTANTIAL PRIME HIGH STREET LANDMARK COMMERCIAL PREMISES WITH GREAT POTENTIAL
This substantial commercial premises is arranged over five floors and sits in a prime corner position in the centre of the lower High Street, Margate close to the Piazza, sea front and the Old Town. The impressive attractive former 'Woolworths' building offers huge potential for either full commercial use or redevelopment to a mixed commercial and residential scheme, subject to planning consent.
The property is currently let to a commercial tenant with the tenancy due to expire in June 2023.
The approximate overall gross internal floor area of the property is 2,010m2 (21,635ft2) with retail, office and storage use arranged over basement, ground, first, second and third floor levels.
An Architects feasibility study has been undertaken which has identified the potential for nine to fourteen apartments, to be arranged over first, second and third floor levels, whilst retaining a commercial space on the ground floor. Potential for an additional floor to be constructed at roof level has also been identified, to accommodate a further penthouse apartment with sea views.
Full plans are available, please call our office on 01843 866866 for further details.
Basement
Floor Area
Approx. Gross Internal Floor Area 175.60m2 (1,890sqft)
Unisex WC's
Store Room
Plant Room
Ground Floor
Floor Area
Approx. Gross Internal Floor Area 481.30m2 (5,180sqft)
First Floor
Floor Area
Approx. Gross Internal Floor Area 472.2m2 (5,082sqft).
Second Floor
Floor Area
Approx. Gross Internal Floor Area 476.80m2 (5,132sqft)
Third Floor
Floor Area
Approx. Gross Internal Floor Area 404.30m2 (4351sqft)
Exterior
Garden/Yard Area
Located to the rear of the property is an enclosed garden/yard area.
VAT
The purchase price is subject to VAT at the prevailing rate.
EPC
The Commercial Energy Performance rating for the property is 89 - Band D.
Business Rates
The current Rateable Value for the property is ?37,500.
Agents Note:
The Gross Internal Floor Areas are those quoted by the Valuation Office.
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£1,850,000
property for sale
High Street, Margate, CT9
SUBSTANTIAL PRIME HIGH STREET LANDMARK COMMERCIAL PREMISES WITH GREAT POTENTIAL
This substantial commercial premises is arranged over five floors and sits in a prime corner position in the centre of the lower High Street, Margate close to the Piazza, sea front and the Old Town. The impressive attractive former 'Woolworths' building offers huge potential for either full commercial use or redevelopment to a mixed commercial and residential scheme, subject to planning consent.
The property is currently let to a commercial tenant with the tenancy due to expire in June 2023.
The approximate overall gross internal floor area of the property is 2,010m2 (21,635ft2) with retail, office and storage use arranged over basement, ground, first, second and third floor levels.
An Architects feasibility study has been undertaken which has identified the potential for nine to fourteen apartments, to be arranged over first, second and third floor levels, whilst retaining a commercial space on the ground floor. Potential for an additional floor to be constructed at roof level has also been identified, to accommodate a further penthouse apartment with sea views.
Full plans are available, please call our office on 01843 866866 for further details.
Basement
Floor Area
Approx. Gross Internal Floor Area 175.60m2 (1,890sqft)
Unisex WC's
Store Room
Plant Room
Ground Floor
Floor Area
Approx. Gross Internal Floor Area 481.30m2 (5,180sqft)
First Floor
Floor Area
Approx. Gross Internal Floor Area 472.2m2 (5,082sqft).
Second Floor
Floor Area
Approx. Gross Internal Floor Area 476.80m2 (5,132sqft)
Third Floor
Floor Area
Approx. Gross Internal Floor Area 404.30m2 (4351sqft)
Exterior
Garden/Yard Area
Located to the rear of the property is an enclosed garden/yard area.
VAT
The purchase price is subject to VAT at the prevailing rate.
EPC
The Commercial Energy Performance rating for the property is 89 - Band D.
Business Rates
The current Rateable Value for the property is ?37,500.
Agents Note:
The Gross Internal Floor Areas are those quoted by the Valuation Office.