King Street, Ramsgate, CT11

Commercial Retail Property for sale

Sold Subject To Contract

INVESTMENT OPPORTUNITY! LOCK UP SHOP & TWO APARTMENTS

Miles & Barr Commercial are pleased to present on to the market this fanatastic invesment opportunity. The property is situated in the upper section of King Street between the junctions with Brunswick Street and Plains of Waterloo and approximately 400m from the Town Centre and 800m from the Royal Harbour. Occupiers in the vicinity include book shops, takeaways, barbers, hairdressers, off license, public houses and Iceland Supermarket.

DESCRIPTION:

The property comprises a lock up shop and two one bedroom apartments on the upper floors accessible via their own entrance. The shop has a sales area c. 39.66sq.m (427sq.ft) at the rear there is a small store c. 3.14sq.m (34sq.ft) and a lean to area c.5.98sq.m (64sq.ft).

Outside there is a small yard suitable for bin storage.

Both apartments are currently let on a shorthold tenancy bringing in a combined rental of £11,350 per annum. The shop unit is currently vacant, however the rental per annum would be approx £6000 - £8000.

Early viewing is highly recomended to appreciate all on offer.

Room Sizes

Ramsgate Area Guide

Ramsgate – Marina paradise Ramsgate’s waterfront and marina is an idyllic location. The seafront has a thriving café culture and many restaurants. The high street has a good mix of independent and chain shops. If you’re interested in living in Ramsgate, come into our Ramsgate office and we can help find a property to suit you.