Lot 81 Mixed Use Investment In Town CentreAuction Date:
1st May 2025
43 Queen Street, Ramsgate, Kent, CT11 9DZ
Currently let at £16,800 per annum
Plus vacant shop previously let at £13,000 per annum
Key Features
A four storey (plus basement) mid-terrace property located in Ramsgate's town centre close to local amenities, the seafront and its Royal Marina. The building is arranged as a ground floor commercial unit, which is vacant, and a four-bedroom maisonette above which is currently let and producing £16,800 per annum. We have been informed by the seller that the shop was previously let (until January 2025) at £13,000pa and a lease has been discussed with a new commercial tenant at a rent of £13,000 per annum but is yet to be formalised.
The maisonette has a separate access to the rear, is mainly well presented, has a gas heating system via radiators and sea views to the front.
Commercial
Ground Floor
Shop floor, kitchenette and W.C.
Basement
Tenancy
The retail premises is currently vacant but was previously let at £13,000 per annum.
EPC Rating
EPC B (42). Total Floor Area 66 sq.m.
Residential
43B - Maisonette
Ground Floor
Access via rear.
First Floor
Landing, kitchen, living room, utility room and W.C.
Second Floor
Landing, two bedrooms and bathroom with W.C.
Third Floor
Landing, two bedrooms and shower room with W.C.
Outside
Shared courtyard to rear.
Tenancy
Let under the terms of an Assured Shorthold Tenancy Agreement at a current rental of £1,400 per calendar month.
EPC Rating C
Council Tax A
Viewing
External only.
There is an addendum available to be read
in conjunction with the legal documentation.
Further Information
Jon Rimmer/Isla Wild
on 01622 608400
Viewings
Viewings by arrangement with
Miles & Barr
01227 499500
Legal Documents
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- Special Conditions
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- Drainage Search
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- Other Documentation
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Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
