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1/4

Compass House, Station Approach Road, Ramsgate

Guide price

£80,000

Auction

Size

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Tenure

Leasehold

EPC

Parking

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Primary use
Mixed use

No floor / site plan

Key features

  • High Yielding Investment Opportunity
  • Commercial Unit and Land
  • Fully Let to Pierremonts Limited
  • Annual RPI Linked Reviews
  • Asset Management Via Renewal
  • Opposite Ramsgate Station
  • Investment Let at £13,211 p.a. (16.5% GIY on Guide Price)

Description

The property comprises a high yielding investment opportunity occupying a unique pitch opposite Ramsgate Station.

Arranged as commercial space with a large car park and amenity land to the rear, the property is fully let to Pierremonts Limited and trading as a car and van hire business. The lease commenced 01.06.2007 and the tenant is paying a current rent of £13,211 per annum with annual RPI Linked reviews and 6-yearly open market reviews. We understand the original lease term has expired but the tenant is continuing to occupy on a periodic tenancy with three months notice to expiry, offering asset management potential via renewal.

The property occupies a prominent pitch immediately opposite the main entrance to Ramsgate Station.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Leasehold: Ask agent
Tenure
Leasehold
Length of lease
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Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating

Unclassified

Environmental description
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Read more about energy considerations for commercial property

Brochure

Compass House, Station Approach Road, Ramsgate

NEAREST STATIONS

National Rail

Ramsgate Station

0.06 miles

National Rail

Dumpton Park Station

0.87 miles

National Rail

Broadstairs Station

1.79 miles

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Disclaimer - Property reference 86ACFD65-5F09-4E05-802F-23F954057AE3. 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 Savills National , Savills Auctions- 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.