42 , High Street

Ramsgate, KENT CT119AG


£350,000 Guide Price

REF # RC1274
DSC02639.JPG

Property Features

  • Investments
  • Status: For Sale

LOCATION:                                                                                        

The property is situated in the prime pedestrianised section of the High Street.  The town centre is approximately 200 m. distant and the Royal Harbour approximately 400 m. distant. 

 

The property is adjacent to Santander and the Post Office.  Other multiple retailers in the vicinity include W.H. Smiths, Boots Opticians, F. Hinds Jewellers, Holland & Barrett, New Look, Card Factory, Peacocks, Brighthouse, Poundland and Boots. 

 

The town is located approximately 18 miles east of Canterbury and 20 miles north of Dover.  Ramsgate is linked to the M2 motorway via the A253 and the A299 trunk road.  There is a high speed rail services to London St Pancras.

 

DESCRIPTION:                                                                  

The property comprises a freehold commercial property investment with a ground floor sales area c. 117.24 sq.m. (1,262 sq.ft.) with a single glazed metal shop front.  The shop has been fitted out with a suspended ceiling, lighting and electric heating and is currently trading as a Hairdressing and Beauty Salon.  There is ancillary storage in the basement c. 104.79 sq.m. (1,128 sq.ft.).

 

The first floor is currently arranged as kitchen and treatment rooms c. 22.43 sq.m. (995 sq.ft.).

 

The second floor provides ancillary accommodation c. 75.62 sq.m. (814 sq.ft.).

 

ACCOMMODATION:                                                                      

NB: All measurements shown are believed to be accurate but must be regarded as approximate only.  No appliances or services tested. 

 

The property has a net internal floor area as follows:

 

Basement

 

Storage……………………………………………………………………………………………...104.79 sq.m. (1,128 sq.ft.)

 

Ground Floor

 

Gross Frontage                                 8.14 m.

Internal Width                                   8.10 m. narrowing to 6.26 m.

Maximum Depth                              16.75 m.

Ground Floor Sales Area               117.24 sq.m. (1,262 sq.ft.)

 

First Floor

 

Kitchen and Treatment Rooms……………………………………………………………92.43 sq.m. (995 sq.ft.)

 

Second Floor

 

Ancillary Storage…………………………………………………………………………………75.62 sq.m. (814 sq.ft.)

 TENANCY:

The property is held on a 10 year FRI lease from 10th August 2015 at a rent of £18,000 per annum.  There is provision for a rent review on 10th August 2020.  The use of the property is as a Hairdressing and Beauty Salon within Use Class A1.

 

PLANNING:

On 16th October 2014 planning permission was granted for the change of use of the retail shop to a restaurant and hot food takeaway and change of use and conversion of the first floor into 2 x 1 bedroom flats and the second floor into a 2 bedroom flat (F/TH/14/0646).

 

EPC - view here

 

PRICE GUIDE:

£350,000.

 

BUSINESS RATES:

Rateable Value £21,000

Rates Payable    £13,712.80

 

LEGAL COSTS:

Each party are to be responsible for their own legal costs.

 

VIEWING:

For viewing arrangements please contact:

Karen Johnson on 01843 851000 karen.johnson@pearsongore.co.uk 

Olivia Coad on 01843 851000

Heather Barnett on 01843 851000 heather.barnett@pearsongore.co.uk

or Stuart Jerden on 01843 851000 stuart.jerden@pearsongore.co.uk

 

COPYRIGHT:

All statements contained in these particulars as to this property are made without responsibility on the part of Pearson Gore or the vendors/lessors.  These particulars are the copyright of Pearson Gore and can only be reproduced with written consent from the above office.  We have not tested the equipment, appliances and services in this property.  Interested applicants are advised to commission the appropriate investigations before proceeding. Applicants should satisfy themselves that any necessary permission’s are in place for the use stated. Unless otherwise stated all prices/rents are quoted exclusive of VAT and SDLT.  Any intending purchaser/lessee should satisfy themselves independently as to the incidences of VAT prior to any transaction.    SUBJECT TO CONTRACT    RC1274/SJ/05/09/18

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