Commercial property for sale in King Street, Ramsgate CT11

£750,000
Commercial property for sale
Interested in this property? Call +44 1843 306994 * or Request Details

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Property features

  • Mixed Use Property
  • Heart of Ramsgate
  • Newly Renovated
  • Investment Opportunity
  • Viewing Recommended

Property description

Fantastic invesment opportunity, must be viewed!

Miles & Barr Commercial are delighted to offer onto the market this fantastic investment opportunity. The property is situated in the heart of Ramsgate town centre and within walking distance to the Famous Royal Harbour and Sandy beaches. Recently renovated to a high standard the property comprises of a selection of 2 x one bedroom and 3 x studio apartments and a lock up shop on the ground floor. Further benefits include upgraded electrics, gas heating system and fire safe systems. There is also a spacious basement perfect for storage. On the first and second floors there is an additional office and storage room. The current owners currently rent the apartments out on short stay and short leases along with the ground floor lock up shop. The combined rental income is approx £47,000 per annum giving a yearly yield of 6.3%.

Ramsgate is situated to the south of the Isle of Thanet and boasts the country’s only Royal Harbour, a status bestowed by King George 1V in 1821. The beautiful Marina, once the starting point for the Little Ships heroic journey to Dunkirk in 1940, is now enjoyed by a vibrant yachting community, and flanked by restaurants, cafes, and quirky independent shops, some set into the arches on the quayside. The town itself is also steeped in history, with a wealth of Grade 11 listed properties, elegant Regency squares and St Augstine’s Abbey, the pet project of the architect Augustus Pugin, famed for designing the interior of the Palace of Westminster and Big Ben. With its fascinating network of wartime and smugglers’ tunnels, traditional pubs, docks and sweeping sands, Ramsgate has associations with many other well-known figures, including Queen Victoria, Karl Marx, Wilkie Collins, John Le Mesurier and Vincent Van Gogh. The high-speed rail link to London St Pancras has made commuting a viable option from a home by the sea.

Retail Shop

Ground Floor Entrance

Communal Hallway

No.1 Studio Apartment

Communal W.C

Basement

First Floor

Office

No.2 Studio Apartment

No.3 1 Bed Apartment

Second Floor

Storage Room

No.4 Studio Apartment

No.5 1 Bed Apartment

Property info

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For more information about this property, please contact
Pearson Gore, CT11 on +44 1843 306994 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pearson Gore, and do not constitute property particulars. Please contact Pearson Gore for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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