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MapRetail property (high street) for sale
Ramsgate, Stockton-on-Tees, Durham, TS18 1BS
Retail property (high street)
645 sq ft / 60 sq m
Features and description
- Tenure: Freehold
- Ground floor retail unit
- Tenanted investment
- Annual income of £6,300
- Additional £600pa ground rent income
- Popular retail location
- Freehold title
Freehold Tenanted Investment Opportunity For Sale £75,000
The retail unit comprises of a ground floor unit which comprises of kitchen facilities, cloakroom and WC and is currently operating as a cafe. There is a passing rent of £6,360 per annum with a lease to February 2026. Additional income of £600 per annum is also payable as ground rent for the flats above the premises.
The property is situated in Ramsgate, and is accessible from Stockton High Street. Ramsgate has a mixture of retail and leisure users with offices and residential on upper floors.
Retail Unit 60 sq metres/ 645 sq ft (approx)
The retail unit comprises of a ground floor unit which comprises of kitchen facilities, cloakroom and WC and is currently operating as a cafe. There is a passing rent of £6,360 per annum with a lease to February 2026. Additional income of £600 per annum is also payable as ground rent for the flats above the premises.
The property is situated in Ramsgate, and is accessible from Stockton High Street. Ramsgate has a mixture of retail and leisure users with offices and residential on upper floors.
Retail Unit 60 sq metres/ 645 sq ft (approx)
Rooms
Location
The subject property is located along Ramsgate, Stockton-on-Tees. The property is well located close to the town centre and close to local transport links with the closest bus stop being a short walk away as well as Stockton train station being 0.5 miles away. The property is 37 miles south of Newcastle upon Tyne and 4.2 miles west of Middlesbrough.
Tenure
Freehold. Title number CE97013.
Rateable Value
The current rateable value is £5,200 (1 April 2023 to present).
Sourced from VOA.
EPC
Available upon request (rating C).
About this agent
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.