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6 bed Investment

£550,000

High Street, Ramsgate

FOR SALE

Property FEATURES

  • SHOP IN HIGH STREET LOCATION
  • LOTS OF PASSING TRADE
  • HALF PRICE BUSINESS RATES (see T.D.C)
  • LARGE BASEMENT AREA ALSO

Property DESCRIPTION

3 Shops fully let out on leases with 3 x maisonette above. This investment opportunity is being sold FREEHOLD and all the properties are fully let with AST's for the flats and shops on long leases. The Flats comprise of 1/2 Bedroom + 2 Bedroom Maisonette and 3 Bedroom Maisonette. The total income is £43,860 per year and an opportunity to buy some land at the rear which is totally separate for an additional £100,000 which subject to the usual planning requirements could be converted into more apartments. The FREEHOLD property is situated in the thriving Ramsgate High Street. Situated opposite the Pilgrims Hospice Shop and close to Nat West and Argos. The flats are all Newly decorated. Please call Lovetts of Ramsgate on 01843 570305 for your viewing.

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