Commercial Property for sale

King Street, Ramsgate

£750,000

Property Description

Key features

  • Mixed Use Property
  • Heart of Ramsgate
  • Newly Renovated
  • Investment Opportunity
  • Viewing Recommended

Full description

FANTASTIC INVESMENT OPPORTUNITY, MUST BE VIEWED!

Miles & Barr Commercial are delighted to offer onto the market this fantastic investment opportunity. The property is situated in the heart of Ramsgate town centre and within walking distance to the Famous Royal Harbour and Sandy beaches. Recently renovated to a high standard the property comprises of a selection of 2 x one bedroom and 3 x studio apartments and a lock up shop on the ground floor. Further benefits include upgraded electrics, gas heating system and fire safe systems. There is also a spacious basement perfect for storage. On the first and second floors there is an additional office and storage room. The current owners currently rent the apartments out on short stay and short leases along with the ground floor lock up shop. The combined rental income is approx £47,000 per annum giving a yearly yield of 6.3%.


.

Ramsgate is situated to the south of the Isle of Thanet and boasts the country’s only Royal Harbour, a status bestowed by King George 1V in 1821. The beautiful Marina, once the starting point for the Little Ships heroic journey to Dunkirk in 1940, is now enjoyed by a vibrant yachting community, and flanked by restaurants, cafes, and quirky independent shops, some set into the arches on the quayside. The town itself is also steeped in history, with a wealth of Grade 11 listed properties, elegant Regency squares and St Augstine’s Abbey, the pet project of the architect Augustus Pugin, famed for designing the interior of the Palace of Westminster and Big Ben. With its fascinating network of wartime and smugglers’ tunnels, traditional pubs, docks and sweeping sands, Ramsgate has associations with many other well-known figures, including Queen Victoria, Karl Marx, Wilkie Collins, John Le Mesurier and Vincent Van Gogh. The high-speed rail link to London St Pancras has made commuting a viable option from a home by the sea.

Retail Shop -

Ground Floor Entrance -

Communal Hallway -

No.1 Studio Apartment -

Communal W.C -

Basement -

First Floor -

Office -

No.2 Studio Apartment -

No.3 1 Bed Apartment -

Second Floor -

Storage Room -

No.4 Studio Apartment -

No.5 1 Bed Apartment -


More information from this agent

Energy Performance Certificate (EPC) graphs

Nearest stations

  • Ramsgate (0.8 mi)
  • Dumpton Park (0.8 mi)
  • Broadstairs (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miles & Barr Commercial,

Innovation House, Discovery Park, Ramsgate Rd, Sandwich CT13 9ND

01843 315087 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Ramsgate (0.8 mi)
  • Dumpton Park (0.8 mi)
  • Broadstairs (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miles & Barr Commercial,

Innovation House, Discovery Park, Ramsgate Rd, Sandwich CT13 9ND

01843 315087 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 30431035. 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 Miles & Barr Commercial, . 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.