This significant mixed-use property offers a variety of renovation and investment opportunities located in the heart of Margate, close to essential amenities and attractions such as the seafront and Dreamland Amusement Park. The property currently features a public house on the ground floor, which has undergone recent updates including interior painting and new CCTV installations. Above the pub, there is manager's accommodation, alongside vacant upper parts that have received planning permission for conversion into four self-contained flats. The proposed transformation involves minimal internal changes, allowing for three one-bedroom flats and one two-bedroom flat while retaining the existing manager's quarters.
The upper levels are presently configured as letting rooms with separate access from the High Street. This structure not only enhances its commercial appeal but also provides flexibility for both residential tenancy and potential rental income generation of approximately £45,000 per annum for the newly planned flats. Additionally, with a beer garden at the back and interconnecting cellar space in the basement, this property holds further potential for enhancing its value through creative development or refurbishment.
