Office for sale in Ozengell Place, Ramsgate CT12

9.1% Commercial investment opportunity!

Miles and Barr are delighted to bring to the market this business centre investment opportunity! The property has been divided into numerous offices with additional communal areas for the tenants. The current rental income from the 8 offices is £68,172pa.

Office 1 – £12,000 per annum – Lease expires on 8th August 2023.
Office 2 – £17,172 per annum – Lease expires on 26th November 2023.
Office 3 – £4,200 per annum – Lease expires on 31st March 2024.
Office 4 – £6,000 per annum – Lease expires 19th April 2025.
Office 5 – £4,200 per annum – Landlord occupied office.
Office 6 – £4,200 per annum –Landlord occupied office.
Office 7 – £8,400 per annum – Lease expires on 29th April 2025.
Office 8 –£12,000 per annum – Lease expires 19th April 2025

All of the offices have been decorated to a high standard and include air conditioning in each room. The offices also have access to a communal board room, and kitchenette and WC facilities. The tenants also have access to numerous parking on site.

*Please note, this property is elected for VAT*

Identification Checks
Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service to verify your identity provided by Lifetime Legal. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, directly to Lifetime Legal, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Location

Ramsgate is situated on the southerly aspect of the Isle of Thanet and benefits the country’s only Royal Harbour, its status being granted by King George 1V in 1821. The distinctive and beautiful harbour has a vibrant yachting community alongside some commercial activity and was where the Little Ships evacuation of Dunkirk set out from in 1940. The town is enjoying something of a Renaissance with its large amount of Grade II Listed property, many set within elegant Regency squares, or overlooking the sea, others with links to or influenced by the architect Augustus Pugin. In recent years the Royal Harbour has seen many restaurants, cafes and bars emerge alongside quirky independent retail outlets, some utilising the arches on the quayside beneath Royal Parade. The town is steeped in history with associations to many well known figures including Queen Victoria, Karl Marx and Vincent Van Gogh as well as having a fascinating network of tunnels beneath the main centre. The fortunes of the town have been hugely assisted by the recent addition of a high speed rail link to London St Pancras making a commute for many a viable option.

Ground Floor Offices (10.0m x 18.2m)

First Floor Offices (10.0m x 18.2m)

Parking - On Street