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Our Summary
- For Sale by Online Auction
- Auction Date : 17 June 2026
- Commercial Investment With Planning For Conversion Of Upper Parts
- We have been informed by the Seller that a local estate agent believes the potential rental income for the four flats could be in the region of £45,000 per annum
- Interested applicants are advised to rely on their own investigations regarding the potential rental income
- Planning Planning Permission has been granted by Thanet District Council under reference: F/TH/25/0517, dated 21st July 2025, for Change of Use of upper floors from seven bedsits to three, one-bedroom and one two-bedroom self-contained flats, together with alterations to fenestration, following removal of gate and external staircase to rear, subject to conditions
- A copy of the Planning Permission and accompanying documents may be downloaded from the Local Planning Authority website: thanet
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Description
The property is a substantial freehold mixed use building located in Margate's town centre, comprising a public house with manager's accommodation above and vacant upper parts with planning permission to convert into four self-contained flats. The pub is let under a commercial license, with an annual rent of £50,000, and the tenant has undergone improvements in recent months. The upper parts currently have seven letting rooms, but planning permission has been granted to convert them into three one-bedroom and one two-bedroom flats, retaining the manager's accommodation.
The property has a total floor area of 308 sq.m. and an EPC rating of C. The proposed flats will have one to two bedrooms each, with kitchen, living room, and bathroom facilities.