Land at Victoria Road, Margate, CT9 1NB_Imóvel à venda
Land at Victoria Road, Margate, CT9 1NB_Imóvel à venda
Victoria Road, Margate, KENT, CT9 1NA, UK

Land at Victoria Road, Margate, CT9 1NB

Descrição do ativo

The site extends to 13.4 acres (5.42 ha) and was previously known as The Royal School for Deaf Children. Following the closure of the school in 2015, many of the buildings and associated infrastructure were demolished. However, a number of buildings still remain including the former cricket pavilion, swimming pool and two 2 storey dwellings.


The property also benefits from a Hydrotherapy Centre, comprising of 8,762 sq.ft. and benefits from 14 car parking spaces. The Hydrotherapy Centre is held on a 15 year FRI lease from 1st April 2020 with an 11 year unexpired lease term. The Passing rent is £15,000 per annum, effective from 1st April 2024 to the first rent review date on 1st April 2025. Annual RPI linked rent reviews will be thereafter.


The property is located within Margate, a well-connected town with a wide range of travel options available, enabling local, national and international journeys. The town is highly accessible by road, with the A28 located less than a mile west of the site. This provides direct access to both the M20 and the A2, the latter joining the M2 at Faversham, 22 miles to the southwest of Margate. Dover can be accessed in 40 minutes by car. From here, journeys can be made via Ferry to Calais, France. Alternatively, the Eurotunnel at Folkstone also provides access to Calais and is located within an hour’s drive. Margate train station can be easily reached from the site, situated a 15 minute walk to the west and providing direct access into London St Pancras in 90 minutes.


Margate has undergone significant regeneration in recent years, particularly with the redevelopment of the historic Dreamland amusement park. This has led to an influx of creative professionals and entrepreneurs, fuelling the demand for residential properties in Margate.

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Atributos

Área de terreno bruta
5,42 ha
Número de unidades
185

Mídia

Destaques do investimento

  • Located in the thriving town of Margate in Kent, which has experienced impressive resurgence and revitalisation in recent years


  • Exciting opportunity to acquire a c. 13.4 acre brownfield site in central Margate, including a tenanted Hydrotherapy Centre extending to 0.56 acres


  • The site occupies an attractive central location, near the sea front and with excellent transport connectivity


  • The site is primed for redevelopment and benefits from a positive, housing-led pre-application for 185 dwellings with established landscaping and ample open space


  • Located within jurisdiction of Thanet District Council which has a 30% affordable housing requirement and demonstrated a shortfall in housing supply in the 2021 Housing Delivery Test.


  • Freehold
Land at Victoria Road, Margate, CT9 1NB 4_Imóvel à venda
Land at Victoria Road, Margate, CT9 1NB 4_Imóvel à venda

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Land at Victoria Road, Margate, CT9 1NB (0 Propriedades)
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Última atualização
Jul 5, 2024