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Chrystals Estate Agents - Douglas

Take advantage of this enticing investment opportunity to acquire a prime ground floor restaurant, already tenanted and boasting a commanding presence on St Pauls Square in Ramsey.This property boasts a generous footprint of 1979 sq ft, encompassing four individual units. The restaurant area accommodates around 46 diners within elegantly designed dining areas, featuring a well equipped bar, customer and staff amenities, an office, storage facilities, and a spacious, fully outfitted kitchen. Parking is conveniently located in the adjacent St Pauls Square car park.This sale presents a leasehold opportunity with a tenure extending until November 2107. The current tenant, having signed a 5 year lease in 2024, yields an annual income of £31,200, inclusive of rent, rates, and service charges, equating to an impressive 11.34% gross yield. Tenure: Leasehold

Property reference 12098604. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Chrystals Estate Agents - Douglas.

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Take advantage of this enticing investment opportunity to acquire a prime ground floor restaurant, already tenanted and boasting a commanding presence on St Pauls Square in Ramsey.This property boasts a generous footprint of 1979 sq ft, encompassing four individual units.

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