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Seafront property in the vibrant town of Margate, UK

Market Price

21 Eastern Esplanade, Margate, England CT9 2HL, United Kingdom

Active
Last Updated: 10/25/2024

22,033.7 Sqft

Building Size

40

Keys

Details:
Building Size:    22,033.7
Keys:    40
Year Built:    1980
Management:    Unencumbered
Year Last Renovated:    2022
Construction Status:    Refurbished
Number of Elevators:    1
Highlights:
  • Distinctive, high-quality asset with modern design
  • Margate’s first lifestyle hotel featuring a hybrid accommodation model
  • Significant Upside Potential through HMO
  • Co-work and F&B generate extra revenue, reducing dependence on rooms and seasonality.
  • Very limited opportunities in the tightly held Margate hotel market
  • Sea-view asset just 5 minutes' drive from major tourist attractions
  • No Operational Encumbrances
  • Freehold asset, free from any operator encumbrances.
Description:

Executive Management Consulting (“EMC”), on behalf of Margate Holding Ltd., is pleased to present a unique investment opportunity in the Margate Cowork & Stay — a seafront property in the vibrant town of Margate, a popular weekend getaway just 90 minutes from London by train.
The 40-key hybrid hotel, set against Margate’s charming coastal backdrop, is in close proximity to major attractions such as the Turner Contemporary, Dreamland, and the Oval Bandstand. The property benefits from a recent renovation in 2022 and was rebranded as Selina, a trendy lifestyle hotel, operating successfully until September 2024. With minor cosmetic updates required, this freehold asset presents a rare opportunity with seafront views, extensive amenities, and the potential for conversion into a House in Multiple Occupation (HMO), offering flexible uses and maximizing revenue potential.

Map:
Documents:
Title
20240918_-_Margate_Teaser_-_EMC_Consulting.pdf
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Location