Belmont Road, Ramsgate, Kent, CT11
- SIZE AVAILABLE
269 sq ft
25 sq m
- SECTOR
High street retail property for sale
Key features
- Prime LocationSingle Glazed
- Timber Frame Shop Front
- 10 Years Remaining on Lease
- New Fiberglass Roof
Description
Offered to the market at £135,000, the property provides an attractive gross initial yield of approximately 7.41%, making it an appealing proposition for investors seeking a long-term income-producing commercial asset.
The newly agreed 15-year lease offers investors the benefit of a long contractual term, providing the potential for a stable rental income stream over the lease period, subject to the tenant meeting their obligations under the lease.
With a competitive asking price and an attractive headline yield, this property represents an excellent addition to an existing commercial portfolio or an opportunity for investors looking to enter the commercial property market.
Identification checks
If an offer is accepted on a property marketed by Miles & Barr, all purchasers are required to complete ID verification checks. This is a legal obligation under Anti-Money Laundering Regulations. We use a specialist third-party company to carry out these checks. The fee is £60 (including VAT) per person or £120 (including VAT) if purchasing under a company name, payable once the offer is agreed and before the sales memorandum is issued. Please note that this charge is non-refundable.
Location Summary
Ramsgate is situated on the southerly aspect of the Isle of Thanet and benefits the country’s only Royal Harbour, its status being granted by King George IV in 1821. The distinctive and beautiful harbour has a vibrant yachting community alongside some commercial activity and was where the Little Ships evacuation of Dunkirk set out from in 1940. The town is enjoying something of a Renaissance with its large amount of Grade II Listed property, many set within elegant Regency squares, or overlooking the sea, others with links to or influenced by the architect Augustus Pugin. In recent years the Royal Harbour has seen many restaurants, cafes and bars emerge alongside quirky independent retail outlets, some utilising the arches on the quayside beneath Royal Parade. The town is steeped in history with associations to many well known figures including Queen Victoria , Karl Marx and Vincent Van Gogh as well as having a fascinating network of tunnels beneath the main centre. The fortunes of the town have been hugely assisted by the recent addition of a high speed rail link to London St Pancras making a commute for many a viable option.
Ground Floor Bakery Area
5.8 x 4.52
Front Sales Area
5.85 x 5.03
Energy Performance Certificates
Picture 5Belmont Road, Ramsgate, Kent, CT11
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ramsgate Station0.4 miles
- Dumpton Park Station0.7 miles
- Broadstairs Station1.8 miles
Notes
Disclaimer - Property reference MSL250056. 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, Kent. 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.




