Lot 34: FREEHOLD TOWN CENTRE INVESTMENT

Withdrawn After

A substantial four storey (plus basement) terrace property situated in the heart of Ramsgate town centre and close to the seafront.

The whole building is let to a single tenant and, we understand, the property has been occupied by the same family in excess of 35 years.

It is considered that there may be future potential for development of the upper parts into a number of residential self-contained units, subject to all necessary consents being obtainable.

Interested applicants are advised to make their own enquiries with the Local Planning Authority, the Thanet District Council. Website: thanet.gov.uk. Tel: 01843 577000.

Basement

Ancillary storage space.

Ground Floor

Café with trade kitchen.

First Floor

Landing, cloakroom with W.C. and further room.

Second Floor

Landing, bathroom with W.C., former kitchen and further room.

Third Floor

Landing and two rooms.

Tenancy

Let to a private tenant on a 15 year fully repairing and insuring lease, from 10th January 2018, at a current rental of £14,000 per annum. There is no break clause provision within the lease and a rent review on the fifth and tenth anniversary of the commencement date. The tenant has also paid a three month rent deposit to the landlord.

Viewing

Strictly by prior confirmed appointment with the Auctioneer’s Office. Interested applicants are requested not to contact the tenant directly.

Commercial EPC: C