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Ramsgate, Stockton-on-Tees, Durham, TS18 1BS

£75,000

£116.28 per sq ft

Business rates & charges may apply

Pattinsons, Pattinsons Commercial North East
SIZE AVAILABLE

645 sq ft

60 sq m

SECTOR

High street retail property for sale

Key features

  • Ground floor retail unit
  • Tenanted investment
  • Annual income of £6,300
  • Additional £600pa ground rent income
  • Popular retail location
  • Freehold title

Description

Freehold Tenanted Investment Opportunity For Sale £75,000

The retail unit comprises of a ground floor unit which comprises of kitchen facilities, cloakroom and WC and is currently operating as a cafe. There is a passing rent of £6,360 per annum with a lease to February 2026. Additional income of £600 per annum is also payable as ground rent for the flats above the premises.

The property is situated in Ramsgate, and is accessible from Stockton High Street. Ramsgate has a mixture of retail and leisure users with offices and residential on upper floors.

Retail Unit 60 sq metres/ 645 sq ft (approx)

Location

The subject property is located along Ramsgate, Stockton-on-Tees. The property is well located close to the town centre and close to local transport links with the closest bus stop being a short walk away as well as Stockton train station being 0.5 miles away. The property is 37 miles south of Newcastle upon Tyne and 4.2 miles west of Middlesbrough.

Tenure

Freehold. Title number CE97013.

Rateable Value

The current rateable value is £5,200 (1 April 2023 to present).

Sourced from VOA.

EPC

Available upon request (rating C).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Brochures

Ramsgate, Stockton-on-Tees, Durham, TS18 1BS

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stockton Station0.5 miles
  • Thornaby Station0.6 miles
  • Eaglescliffe Station2.7 miles

About Pattinsons, Pattinsons Commercial North East

Kingfisher Way Silverlink, Wallsend, NE28 9NY

Notes

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Disclaimer - Property reference 457189. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinsons, Pattinsons Commercial North East. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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