Retail premises for sale

Summary

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.