This is a significant mixed-use freehold property situated in the bustling Old Town of Margate, boasting a prime location amidst a vibrant community of independent shops, cafés, and cultural attractions. Previously operating as a successful Chinese restaurant, this property includes a spacious commercial area on the ground floor and ample residential space on the upper floors, making it an enticing prospect for investors or developers. The current configuration offers three three-bedroom flats and three two-bedroom flats above the restaurant, with additional basement cellars. With planning consent pursued (Ref: F/TH/24/0868) to convert the restaurant into two retail units while creating seven self-contained apartments above, the potential for redevelopment is substantial. Interested buyers are encouraged to consult with Thanet District Council about planning history and future possibilities. This property not only promises immediate rental income from its existing tenants but also presents opportunities for owner-occupation or further enhancement in one of Kent's most attractive seaside locales.
