Lot 55: FREEHOLD TOWN CENTRE RESIDENTIAL AND COMMERCIAL INVESTMENT

Guide Price £300,000 – £310,000 * + Fees
38 High Street, Ramsgate, Kent. CT11 9AG

Currently let at £30,200 per annum

Viewing by arrangement with Clive Emson Auctioneers

01622 608400

Jon Rimmer/Kevin Gilbert

Located in the pedestrianised area of Ramsgate High Street, close to the marina and nationwide retailers, is this freehold three storey building. The property is arranged as a ground floor shop let to Shoe Zone and a three bedroom maisonette recently refurbished to a high standard, and is accessed to the rear via Cavendish Street.

Ground Floor

Large shop floor, stock room and second stock room to rear, staff room and W.C.s.

Cellar

Large stock room.

Tenancy

Let under the terms of a five year lease, from 26th February 2016, at a current rental of £20,000 per annum.

A copy of the lease will be available to download from the Clive Emson website or inspection at the Auctioneer’s Office.

First Floor (Accessed Via Cavendish Street)

Hallway, kitchen/diner and living room and shower room with W.C.

Second Floor

Landing, three double bedrooms and bathroom with shower and W.C.

Tenancy

Let under the terms of an Assured Shorthold Tenancy at a current rental of £850 per calendar month.

Viewing

Viewers are advised to meet at the front of the property outside of Shoezone.

Residential EPC: D
Commercial EPC: D

Map

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The map and satellite images are based on postcode information and are available for for directions only. The may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.