The property is found in the heart of the town on Marine Gardens, the road linking the seafront (and clocktower) to the High Street and Cecil Square. Margate railway station is a few hundred meters from the property which overlooks a park and the beach beyond.
Nearby occupiers include Costa Coffee, Carphone Warehouse, Betfred, Boots the Chemist to name a few. There is a short-term car park on the opposite site of the road in Albert Terrace.
The property comprises a five storey building arranged as a ground floor (previously occupied as a betting shop), basement (former bar), and three residential flats on the upper levels. The three flats are sold off on long leases, as is the basement bar and produce ground rent.
The ground floor is currently vacant.
The residential flats are sold off on leases for 125 years from 2016.