Investment Consideration
- Comprises four-storey mid-terrace building arranged as a large retail premises at ground floor with ancillary accommodation at lower ground, first and second floor
- Two prior approvals granted and one full planning approved for conversion and extension of existing retail (Class E) to form 5 x 1-Bed, 1 x 2-Bed and 3 x Studio Flats (Class C3)
- Residential approved GIA: 471 sq m (5,070 sq ft)
- Retail GIA once developed: 288 sq m (3,095 sq ft)
- Additional residential development potential to extend at rear and above to add another storey (or more) over the large existing rear flat roof which Flats 1-6 will be under, STTP
- Further retail development potential to split the existing retail shop to create 2 smaller units, STTP
- Town centre location within short walk from Margate Beach and occupiers nearby including Costa Coffee, Halifax, KFC, Betfred, NatWest and many more
Blue Alpine can assist whether you are looking to buy, sell or want advice on your portfolio get in touch. Office: 02037710697 Email: joseph@bluealpine.com or prash@bluealpine.com
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