Freehold Development Oportunity
Summary
- Freehold for sale by informal tender
- Located within the heart of Margate Old Town
- Attractive period building, formerly a bank, available with vacant possession
- Extends to approximately 8,805 sq ft (818.1 sqm) GIA
- Site area of approximately 0.151 acres (0.061 hectares)
- Potential for conversion, residential or alternate development, subject to planning
Location
The Property occupies a prominent position on King Street, in the heart of Margate Old Town. The immediate surroundings benefits from a vibrant mix of independent retailers, galleries, cafes, restaurants and creative occupiers, forming Margate’s well-established cultural quarter.
Margate has become one of the South East’s most dynamic coastal destinations, widely recognised for its art and creativity-led regeneration. The property is within close proximity to key attractions including Turner Contemporary, Margate Harbour and the sea front, as well as the wider Old Town and Harbour Arm.
Connectivity is strong with Margate railway station located within walking distance, providing regular rail services to London St Pancras, Victoria , and Cannon Street, with high-speed journeys to London from approximately 85 minutes. Road communications are equally convenient, with the A28 and A299 providing access to Canterbury and the wider motorway network via the M2.
Get directions from Google Maps
Mainline Stations
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Margate11 mins
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Westgate-On-Sea38 mins
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Broadstairs58 mins
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Ramsgate69 mins
Underground Station
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Chafford Hundred920 mins
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Ockendon925 mins
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Shenfield931 mins
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Brentwood947 mins
Further Information
Rates Payable Upon Enquiry
EPC Rating This property has been graded as E
Description
The Property comprises an unlisted former bank, extending to approximately 8,805 sq ft across three floors.
The site extends to approximately 0.151 acres (0.061 hectares) and comprises an attractive period former bank building arranged over two storeys and a basement, together with an associated carpark to the rear.
The Property benefits from being detached, occupying an island site on the corner of King Street and Fort Road. To the rear the car park is bound by Cobbs place and to the east, Alkali Row connects back to King Street.
The Property is vacant, having most recently been used as offices.
The site offers potential for a residential or alternative development, subject to gaining the necessary planning consents.
Specifications
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Gallery
