Lot 60: TOWN CENTRE COMMERCIAL PREMISES WITH LAPSED PLANNING FOR CONVERSION OF UPPER PARTS

This three storey freehold terrace building is currently let under the terms of a commercial lease and situated in the centre of Ramsgate on the pedestrianised section of the High Street.

Planning Permission was granted in October 2014 for conversion of the upper parts to provide a number of residential units, however, this has now lapsed.

Ground Floor

Retail area.

Basement

First Floor

Open plan treatment area, office, three treatment rooms, laundry room, kitchen and W.C.

Second Floor

Two rooms.

Tenancy

Currently let on a 10 year commercial lease from 10th August 2015 at a current rental of £18,000 per annum. There is provision for a rent review on 10th August 2020.

Planning

Planning Permission was granted by Thanet District Council, under ref: 14/0646, dated 16th October 2014 for the change of use of the retail shop to a restaurant and hot food takeaway and change of use and conversion of the first floor into two one-bedroom flats and the second floor into a two-bedroom flat, subject to conditions. This Planning has now lapsed. A copy of the Planning Consent will be available to download from the Clive Emson website or inspection at the Auctioneer’s Office.

Auctioneer’s Note

The Auctioneer has been informed the tenant will be vacating the property on 13th September 2020.

Vacant Possession

Commercial EPC: C

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