High Street Retail Property for sale

Ramsgate, Stockton-On-Tees TS18


Guide price
£169,950
100 ft²

Features

  • (3x flats above sold to leasehold titles)
  • 2x ground floor A1 retail units
  • Annual income of 18,000
  • Close to town centre and transport links
  • Freehold title of full building
  • Ground floor tenanted investment

Description

Summary

For sale by online auction: Terms and conditions apply.

We are pleased to offer to auction the freehold of 4-5 Ramsgate, well located along Ramsgate, Stockton-on-Tees, close to the town centre and local transport links. The lot comprises 2x tenanted ground floor retail units, generating a combined income of 18,000 per annum, offering an excellent investment opportunity. The freehold title for sale also includes the three flats above, which have been sold off separately on long leasehold titles.

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.

Accommodation

4 Ramsgate:
Retail area
Kitchen
W.C.
Nia 66.5sqm (716sqft)

5 Ramsgate:
Retail area
Kitchen
W.C.
Nia 61.5sqm (662sqft)

Lease Details

We are advised that 4 Ramsgate is currently let on a 3 year lease for 6,000 per annum, and 5 Ramsgate is currently let on a 3 year lease for 12,000. The creates a combined annual income of 18,000.
We are advised that the long leasehold titles held on the flats generate no income to the freeholder.
Further details can be found in the legal pack.

Tenure

Freehold. Title number CE97013.

Rateable Value

The adopted rateable values are as follows as of 1st April 2017:
4 Ramsgate: 4,650
5 Ramsgate: 4,650
Sourced from voa.

EPC

Available upon request (rating C and E).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Categories

High Street Retail Property
Call
Property reference
CP_2D853DFE5C_205