Queen Street, Ramsgate, CT11

Property Details: • Type: Commercial Property • Tenure: N/A • Floor Area: N/A

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

Location: • Nearest Station: Ramsgate Station • Distance to Station: 0.8 miles

Agent Information: • Address: 51 Queen Street Ramsgate CT11 9EJ

Full Description: 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 ChecksShould 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) Brochuresi-PACKBrochure 2Brochure 3