Retail premises for sale in 4, Ramsgate, Stockton On Tees TS18

£95,000 (£147.29/sq. ft)
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Retail premises for sale

645 sq. ft*

Property features

  • Ground Floor Investment Property
  • Established Commercial Location
  • Close to High Street
  • Annual Income £6,600 per annum
  • Business Rates Exempt
  • For qualifying businesses

Property description

The property to let is situated in Ramsgate, close to Stockton High Street and retail frontages. Ramsgate offers a mix of retail and leisure users with offices and residential above.

Stockton is located on the bank of the River Tees, 5 miles East of Middlesbrough and 45 miles South of Newcastle upon Tyne. The town has excellent road links to the A66 which provides access to the A19 and A1(M) networks.

The property comprises a ground floor retail unit with kitchen facilities and associated cloakroom and wc’s.

The property is let to John Kidson who trades as Fantacy Fragrances / Holistic Massage Treatment.


Terms


Let to John Kidson on a 3-year lease which commenced 1 March 2023 and expires 28 February 2026.
£6000 per annum until 28/02/24
£6360 per annum from 01/03/24 until lease expiry on 28/02/26.

3 upper floor flats with a ground rent totally £600 per annum.

The premises are available to buy Freehold with offers in the region of £95,000 invited.


Rates


The property has a Rateable Value of £5,200.


Energy performance certificate


C (71)

Accommodation:
Ground floor: 645.00 sqft

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Connect Property North East, TS18 on +44 1642 048886 * (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 Connect Property North East, and do not constitute property particulars. Please contact Connect Property North East 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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