On Thursday 28 April 2022, Thanet District Council’s Cabinet will consider a proposal to let the Grade II Listed Old Town Hall in Market Place, Margate.
If Cabinet approves, the council will be seeking a tenant for the two-storey building under a new lease agreement.
A letting would provide an ongoing revenue stream and help mitigate against its empty property costs. For example, this currently unoccupied building costs the council approximately £13,500 per year in rates, utilities, maintenance and insurance.
A significant amount of renovation work is required to bring the Old Town Hall up to standard and this will be reflected in any lease deal.
Market Place in Margate has become a hive of activity in recent years, with new boutique shops, cafes, bars, and restaurants opening. An important part of this regeneration is the restoration and effective use of the Town Hall building as a focal point and landmark in the Old Town.