Town Centre Pub in Margate Kent with Planning for Four Flats
Margate, Kent
- Status
FOR SALE
- Advert ID
641572
- Reference
95977 / Rightbiz
- Call Agent:
- Freehold: £750,000
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
KENT TOWN CENTRE PUB WITH PLANNING FOR FOUR FLATS
Town centre location in gentrifying seaside town
Substantial four-storey property
Ground floor commercial unit
Planning permission for four flats above
Potential rental income of £95,000 per annum
Rare mixed-use opportunity
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The property is situated in the seaside town of Margate, in the Thanet district of Kent. Â The town is located on the North Kent coast approximately 16 miles north-east of Canterbury and boasts a population in the region of 61,000 residents. Â Historically, a significant maritime port, the town is now predominantly residential. Â However, it does boast landmarks including sandy beaches, Dreamland Amusement Park, Shell Grotto and the Turner Contemporary Art Gallery. Â The town has, and is still, undergoing significant regeneration and gentrification, fuelled by young professionals and investors relocating from London.Â
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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