Bull’s Head pub in Margate to go under the hammer at auction

The Bull's Head

The Bull’s Head pub in Margate, along with six flats, yard and outbuilding, is to go under the hammer at an online auction.

The huge block is at 1 Market Place and is currently let at £34,943.76 per annum. The pub and flats are let on separate leases and the freehold guide price for the lot is £650-700,000.

Jon Rimmer, auction appraiser, said: “This is an incredible opportunity to buy a substantial freehold block. It is close to Turner Contemporary, the seafront and railway station and previously had permission for six town houses.

“The well-known block is in the heart of Margate’s Old Town and there will be interest from investors.”

It is thought there has been a pub on the site since before 1732. Comedian Eric Morecambe married the daughter of a previous landlord Miss Margate, Joan Bartlett, on December 11, 1952, and the wedding reception was held in the first floor function room.

The pub is still running as a business and this will continue under a new owner, Landlords Alison Burke and Nick remain at the helm.

Alison said: “The freehold of the pub is up for sale due to the current owners ill health. Nick and I do not own the freehold, we hold the lease and still have 11 years to go and are going nowhere! The Bulls Head is not changing hands, just has a different freeholder. Thank you to all of our friends and customers who have expressed concern.”

The auctioneers, headquartered in Maidstone, are now starting the marketing campaign for the next online-only auction which ends on Wednesday, September 23.

Find the auction website here