Sidney Phillips have been instructed to market for sale a substantial town centre property which benefits from planning permission for four flats.
The property is situated in the seaside town of Margate in Kent a growing town with a population in the region of 61,000 residents. Historically, a significant maritime port, the town is now predominantly residential. However, it does boast landmarks including sandy beaches, Dreamland Amusement Park, Shell Grotto and the Turner Contemporary Art Gallery. The town has, and is still, undergoing significant regeneration and gentrification, fuelled by young professionals and investors relocating from London.
The property is a substantial four-storey, mid-terrace building, situated on the town's High Street, a short walk from the beach, Hawley Square and Mill Lane multi-storey car park.
It benefits from a ground floor public house, let on a commercial lease generating a rental income, as well as nine studio bedrooms above with the benefit of planning permission for the change of use to three one-bedroom and one two-bedroom self-contained flats, capable of generating a rental income in the region of £45,000 per annum.
Sidney Phillips is inviting offers for the freehold interest of the property.
For further information about this property for sale, please contact Sidney Phillips on 01892 725900 or email southeast@sidneyphillips.co.uk. You can also view the property on our website by clicking here or search other investments for sale.
August 2025