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113-117 High St 9,540 sq ft 100% Let Retail Property Margate CT9 1JT For Sale
INVESTMENT HIGHLIGHTS
- Margate is a popular historic resort town with a strong retail presence. It is located on the North Kent coast, 16 miles northeast of Canterbury
- Planning permissions has been granted to reconfigure and extend the property to provide three ground floor retail units and 10 flats above
- This is a town centre investment property let to British Heart Foundation. The property comprises a well configured retail store
EXECUTIVE SUMMARY
Entire building currently let to British Heart Foundation at £35,000 pa on five year lease expiring 3rd July 2028 subject
to a rolling mutual option to break at six months’ notice
Planning permissions granted to reconfigure and extend the property to provide three ground floor retail units and
10 flats above, arranged on 1st to 3rd floors
Freehold.
to a rolling mutual option to break at six months’ notice
Planning permissions granted to reconfigure and extend the property to provide three ground floor retail units and
10 flats above, arranged on 1st to 3rd floors
Freehold.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
9,540 sq ft
Costar Property Class
B
Year Built
1972
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Frontage
51 ft on High St
1 1
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113-117 High St
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