Skip to main content

£75,000 Mortgage options

Guest house for sale

Westcliff Gardens, Margate, CT9

£75,000 Mortgage options

Guest house for sale

Westcliff Gardens, Margate, CT9

Description

Back

Property features

  • Tenure: Leasehold
  • Detached Leasehold Guest House
  • Prime Sea Facing Location
  • 11 Letting Rooms
  • 3 Further Bedrooms
  • Residents Bar
  • Breakfast/Dining Room
  • Kitchen
  • Four Shower/Bathrooms
  • Off Street Parking for up to Seven Cars
  • Garage

Property description

WELL PRESENTED & ESTABLISHED SEA FACING DETACHED GUEST HOUSE

Westbrook Lodge is a well established Guest House located on a prime corner position close to the sea front at Westbrook, Margate. The property currently offers eleven letting rooms, some with sea views with three further bedrooms for owners use. The property also features a welcoming reception bar and breakfast/dining room, off-street parking for up to seven cars, a garage and attractive gardens for residents use. The current tenants are selling the goodwill of the business. The Landlord is prepared to grant a new 14 year lease.  



GROUND FLOOR


ENTRANCE
Entrance via porch with door leading to entrance hall. Fire escape door.

RECEPTION BAR
4.65m x 3.59m (15' 3" x 11' 9") With fitted feature bar and seating, double glazed window to side and open to:

BREAKFAST/DINING ROOM
6.92m x 4.25m (22' 8" x 13' 11") With double glazed window to side.

BEDROOM (OWNERS ACCOMMODATION)
3.84m x 3.71m (12' 7" x 12' 2") Window to front.

BEDROOM (STAFF ACCOMMODATION)
3.95m x 3.74m (13' 0" x 12' 3") window to front.

BEDROOM (LETTING ROOM NO.12)
4.26m x 3.27m (14' 0" x 10' 9") with window to rear.

BEDROOM (CURRENTLY USED AS A STORE ROOM - NO. 11)
4.22m x 2.96m (13' 10" x 9' 9") window to rear.

BATHROOM
Spacious bathroom with bath with shower over.

TWO SEPARATE W.C.'S.


LAUNDRY ROOM


KITCHEN
6.64m narrowing to 4.73m x 3.80m max (21' 9" narrowing to 15' 6"x 12' 6") measurements include walk-in storage room. Fitted with a range of units including island unit and large stainless steel extractor canopy. Door to:

LEAN-TO UTILITY AREA
Housing boiler and with doors leading to front garden and rear courtyard.

FIRST FLOOR


LANDING
Window to front with sea views

BEDROOM (LETTING ROOM NO.1)
3.84m x 3.81m (12' 7" x 12' 6") Currently arranged as a triple room. window to front with sea views.

BEDROOM (LETTING ROOM NO. 2)
3.95m x 3.64m (13' 0" x 11' 11") Currently arranged as a triple room. Dual aspect windows with sea views to front.

SEPARATE W.C.


SHOWER ROOM/W.C.
Fitted with two shower cubicles.

BEDROOM (LETTING ROOM NO.10)
3.84m x 3.69m (12' 7" x 12' 1") Currently arranged as a family room. Window to rear.

BEDROOM (LETTING ROOM NO. 3)
3.59m x 3.33m (11' 9" x 10' 11") Currently arranged as a double room.

LAUNDRY ROOM & UTILITY CUPBOARD


SHOWER ROOM/W.C.


BEDROOM (LETTING ROOM NO. 4)
3.48m x 3.27m (11' 5" x 10' 9") Currently arranged as a double room.

BEDROOM (LETTING ROOM NO. 5)
3.42m x 3.29m (11' 3" x 10' 10") Currently arranged as a double room.

BEDROOM (LETTING ROOM NO. 6)
4.27m x 3.28m (14' 0" x 10' 9") Currently arranged as a triple room.

BEDROOM (LETTING ROOM NO. 7)
3.35m x 2.46m (11' 0" x 8' 1") Currently arranged as a single bedroom.

BEDROOM (LETTING ROOM NO.8)
4.26m x 3.04m (14' 0" x 10' 0") Currently arranged as a triple room.

BEDROOM (LETTING ROOM NO. 9)
3.25m x 3.25m (10' 8" x 10' 8")

EXTERIOR


GARDEN AND GROUNDS
To the front and side of the property is an attractive garden area suitable for seating which is laid to lawn and a large patio area. To the rear is an inner courtyard area, garage and off-street parking for up to seven cars.

LEASE PREMIUM
The vendors are seeking a lease premium of £75,000 for the goodwill of the business.

FIXTURES AND FITTINGS
We are advised by the Landlord that the fixtures and fitting relating to the business will remain in the Landlord's ownership.

LEASE & RENT
The Landlord is prepared to grant a new 14 year full repairing and insuring lease with the following terms.
Starting rent of £30,000 per annum.
Rent to be increased at the rate of 5% every 2 years for the balance of the lease.


LEGAL COSTS
The ingoing tenant to pay the Landlords reasonable legal fees for setting up the new lease to be capped at £1,950 plus VAT. The ingoing tenant will also be responsible for their own legal costs in respect of the purchase of the business from the current tenant and for acquiring the new lease.

EPC RATING : B - 46


Property information from this agent

See more properties like this:

Map

Back

Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Street view is not available at this location

Call 01843 306705

DISCLAIMER

Property reference 15726986. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Terence Painter Estate Agents - Broadstairs. Please contact the property advertiser directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Call rate information

Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.

Contact Terence Painter Estate Agents - Broadstairs about Guest house for sale £75,000

Type of enquiry

Characters remaining:

OnTheMarket can contact me with relevant properties, offers and news

By submitting this form, you accept our privacy policy. Your personal data will be sent to Terence Painter Estate Agents - Broadstairs so that they can respond to your request.