A three storey mid-terrace building located in Ramsgate¬ís town centre close to both local and nationwide retailers.
The building is arranged as a ground floor commercial unit let to a pawnbroker who has been trading for eight years and in occupation in this location for three years. This unit is let on a new 10-year fully repairing and insuring lease and above is a recently converted three-bedroom flat which is well presented and has its own access at ground floor level.
The property is considered ideal for continued investment and is within walking distance of Ramsgate¬ís Royal Marina.
Entrance to residential parts.
Landing and living room/kitchen.
Landing, three bedrooms and bathroom with W.C.
Let on an Assured Shorthold Tenancy at a current rental of ¬£1,100 per calendar month.
Shop floor, storage area and staff W.C.
Office storage area.
Let under the terms of a new 10-year commercial lease at a current rental of ¬£18,500 per annum, set to increase to ¬£19,500 per annum after one year.