Imposing Leisure Premises On Margate Seafront For Sale

Business description

Imposing leisure premises on Margate seafront opposite the Turner Centre which is due to open in 2010. Suitable alternative use – Art Gallery, Studio, Showroom, Offices (subject to planning). Accommodation: Ground floor: Former snooker room and bar extending to 4,300 sq ft. First floor: Toilets and office/storage.

Property information

Property:

Leasehold

Lease terms:

Lease with 17 years unexpired. Current rent £25,000 with a rent review in 2012.

Leasehold rent:

£25,000 per annum

Location:

Situated on Margate seafront, overlooking the Harbour and forming part of the Old Town, an area which in recent years has proved popular with developers wanting to build houses and convert properties to flats, and opposite the Turner Centre with its international art gallery.

Margate is a seaside town within the Thanet District of East Kent and lies approximately 38 miles north east of the County Town of Maidstone and approximately 75 miles from London. The Thanet towns have benefited from the upgrading of the Thanet Way which has reduced travelling time from the M2 to the area.

Premises details:

Imposing leisure premises with extensive open plan ground floor accommodation.

Accommodation comprises:

Ground floor: Entrance lobby, former snooker room and bar extending to 4,300 sq ft.

Small cellar behind bar. Kitchenette area between cellar and bar.

First floor: Toilets and office/storage. Gents toilet with tiled floor, two urinal pods, WC, two wash hand basins, electric hand dryer. Ladies cloakroom with single WC, wash hand basin.

Size in square feet:

4,300