5 Bed Residential Development For Sale

~ For Sale - Guide Price of £350,000-£400,000 | Please Quote BM1083 (Ben Morris ~ Bespoke Coastal Property)
~ 48 Victoria Road, Margate, CT9 1LW
~ Freehold | Arranged as Two Apartments (Two & Three Beds) | Development Potential (STPP) with Private Courtyard Garden

Believed to have once served as the office building for the former potato factory that produced Margate’s chips, 48 Victoria Road is a distinctive freehold property comprising two generously scaled self-contained flats, each independently rented for the last 15 years without a single void period - a clear testament to the building’s strong rental appeal.

Set behind large bespoke metal gates, Flat 1 occupies the entire ground floor and benefits from its own private entrance and a large garden that runs the full length of the property through to the pavement. This spacious two-bedroom flat offers excellent proportions and a layout well suited to either refurbishment or further reconfiguration.

Flat 2 spans the upper floors and provides three bedrooms along with a substantial loft space offering clear potential for additional floorspace (STPP). With its own private entrance and a traditional maisonette feel, the scale and layout present multiple value-add possibilities.

For investors, the property offers attractive fundamentals - long-term rental performance, generous internal space, and a location consistently popular with tenants due to its proximity to Margate Old Town, the seafront, and fast train connections.

For developers, there is scope to maximise the plot further. Options include:
• Extending into the large loft space (STPP)
• Exploring reconfiguration of the existing layout to increase the number of units (STPP)
• Utilising the depth of the garden for further enhancement, subject to planning

A rare opportunity to acquire a characterful freehold block with strong existing income potential and multiple avenues for uplift - ideal for portfolio landlords, investor-developers, or those seeking a project with scale and flexibility.