Summary - FLAT 2, 205B, NORTHDOWN ROAD, MARGATE, CLIFTONVILLE CT9 2PF
1 bed 1 bath Retail Property (high street)
Small retail investment with trading history and short lease risk.
Victorian three-storey high-street retail with period storefront
Established independent DIY & decorating business available for sale
Passing rent £9,500pa; lease runs until Sept 2029 (short remaining term)
Very short lease (3–5 years left) – lenders likely to refuse mortgages
Price shown £49,950; stock and goodwill sold separately at valuation
Area: Margate town centre — many amenities but very deprived, high crime
Electric heating, double glazing; building likely solid brick with no insulation
Fast broadband and excellent mobile signal; no flood risk recorded
A compact Victorian high-street retail unit on Northdown Road with long-established DIY and decorating trade. The property includes a traditional storefront over multiple floors and comes with trading history, fixtures and an option to purchase stock at valuation. Fast broadband and excellent mobile signal support modern retail and click-and-collect operations.
Major caution: the lease term is very short (reported as 3–5 years remaining) and the current passing rent is £9,500pa until September 2029. Many mortgage lenders will refuse lending on such short leases; a purchaser should be prepared to buy outright, seek specialist short-lease finance, or negotiate a lease extension with the freeholder.
The unit suits a buyer with retail or DIY sector knowledge, an investor able to accept lease risk, or an owner-operator looking to run a small, well-located town-centre business. The vendor offers a hand-over by agreement; stock, goodwill and fixtures are additional costs and will be sold separately at valuation.
Location factors are mixed: Margate’s town-centre footfall and many nearby amenities support retail, but the immediate area is very deprived with a high local crime rate—factors that will affect customer profile and insurance costs. No flood risk is recorded and the building retains period character, though the solid brick walls are likely uninsulated and heating is electric.
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