Retail premises for sale
Queen Street, Ramsgate CT11
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Rateable Value: £7,900
- 7% Yield
- Mixed Use Commercial Property
- Fully Tennanted
- EPC - B
Property description
7.3% Mixed Use Investment Opportunity!
Miles and Barr Commercial are delighted to be assisting with the marketing of this mixed use commercial property situated on the popular Queen Street, Ramsgate.
The property comprises of a ground floor commercial shop (476sqft), with the current tenant on a seven year lease ending on November the 5th 2026, with a rent review due in 2025, currently paying £13,000pa.
The four bedroom residential flat is accessed via a rear seperate entrance accessed via Effingham Street. The accommodation is comprised over three floors, with three bathrooms, a lounge room, and utility room in addition to the four bedrooms. The windows have been recently double glazed and the boiler is just two years old. The current tenants are paying £1,400pcm.
Viewings strictly by appointment only!
Identification Checks
Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. | We use a specialist third party service to verify your identity provided by Lifetime Legal. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, directly to Lifetime Legal, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.
Identification Checks
Location
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 Shop Sales Area (7.46m x 5.00m)
Additional Shop Area (2.3m x 3.0m)
First Floor Lounge (4.57m x 3.87m)
First Floor Communal Area (3.0m x 3.9m)
First Floor Utility Room (1.80m x 1.78m)
First Floor Bathroom (1.8m x 1.5m)
Second Floor Bedroom One (3m x 3m)
Second Floor Bedroom Two (3.22m x 4.33m)
Second Floor Bathroom Two (3.00m x 1.66m)
Third Floor Bedroom Three (4.20m x 3.06m)
Third Floor Bedroom Four (2.74m x 4.42m)
Third Floor Bathroom Three (2.57m x 1.30m)
Property info
For more information about this property, please contact
Miles & Barr - Commercial, CT11 on +44 1843 306994 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Miles & Barr - Commercial, and do not constitute property particulars. Please contact Miles & Barr - Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.