Summary - High Street, Margate, Kent, CT9 CT9 1JT
9 bed 1 bath Hospitality
Rare mixed-use freehold with pub lease and planning for four flats..
Freehold four-storey town-centre building, c.10,000 sq ft
A substantial four-storey freehold on Margate High Street offering a rare mixed-use investment layout. The ground floor and basement operate as a leased public house (full repairing and insuring lease, ten-year term from 26 July 2023, break at year five) producing £50,000 pa. Upper floors already benefit from planning permission to convert seven bedsits into three one-bedroom and one two-bedroom self-contained flats (Thanet DC ref F/TH/25/0517), estimated to add c. £45,000 pa in rental income once delivered.
This is a town-centre location in a gentrifying seaside town with excellent transport links to London and short walking distance to the beach, attractions and local car park. The building is large (c. 10,000 sq ft), characterful with Georgian façades, an external beer garden and off-street parking — features that support both hospitality turnover and residential lettings.
Material investment considerations: the property sits in a very deprived area with very high local crime levels, factors that can affect lettings and operating costs. The sale is subject to the existing pub lease (no rent reviews) and the ground-floor business is unaffected by the sale, limiting immediate upside from the commercial unit until lease expiry or break. The upper-floor conversion will require capital works to implement the planning permission and bring flats to lettable standard.
For an investor seeking a mixed-income asset in a regenerating seaside town, the building offers near-term rental income and medium-term value uplift from delivering consented flats. Be prepared for active asset management, refurbishment spend, and security/operational mitigations given the local social and crime profile.
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