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Popular
Total views:  500+
Guide price
£370,000

Property for sale

Queen Street, Ramsgate, CT11
Reduced
Property
4 beds
1,593 sq ft / 148 sq m
Reduced < 14 days

Features and description

  • Tenure: Freehold
  • Rateable Value: £7,900
  • 7% Yield
  • Mixed Use Commercial Property
  • Fully Tennanted
  • EPC - B

7% Mixed Use Investment Opportunity!

Miles and Barr Commercial are delighted to be assisting with the marketing of this mixed use commercial property situated on the popular Queen Street, Ramsgate.

The property comprises of a ground floor commercial shop (476sqft), with the current tenant on a seven year lease ending on November the 5th 2026, with a rent review due in 2025.

The four bedroom residential flat is accessed via a rear separate entrance accessed via Effingham Street. The accommodation is comprised over three floors, with three bathrooms, a lounge room, and utility room in addition to the four bedrooms. The windows have been recently double glazed and the boiler is just two years old. The current tenants are paying £1,200pcm, however this is subject to a rent review to £1,300pcm in October.

Viewings strictly by appointment only!

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.

Ground Floor Shop Sales Area (5m x 7.46m)

Additional Shop Area (3m x 2.3m)

First Floor Lounge (3.87m x 4.57m)

First Floor Communal Area (3.9m x 3m)

First Floor Utility Room (1.78m x 1.8m)

First Floor Bathroom (1.5m x 1.8m)

Second Floor Bedroom One (3m x 3m)

Second Floor Bedroom Two (4.33m x 3.22m)

Second Floor Bathroom Two (1.66m x 3m)

Third Floor Bedroom Three (3.06m x 4.2m)

Third Floor Bedroom Four (4.42m x 2.74m)

Third Floor Bathroom Three (1.3m x 2.57m)

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About this agent

Miles & Barr - Ramsgate
Miles & Barr - Ramsgate
51 Queen Street Ramsgate, Kent CT11 9EJ
01843 306621
Full profileProperty listings
Ramsgate is our flagship store and where it all began for Miles & Barr back in 1999. Covering Ramsgate and the villages of Cliffsend, Minster and Monkton we have a very positive influence on the market in the area.  As a member of the Relocation Agent Network we are proud to offer sellers unique and unrivalled access to out of town buyers.  If a friendly, hardworking, local and independent company is what you are looking for to help you through your next move please do get in touch.
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