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Mixed Use

£600,000

King Street, Ramsgate

FOR SALE


Property FEATURES

  • Mixed Use Property
  • Heart of Ramsgate
  • Newly Renovated
  • Investment Opportunity
  • Viewing Recommended

Property DESCRIPTION

FANTASTIC INVESMENT OPPORTUNITY, MUST BE VIEWED!

Miles & Barr are delighted to offer onto the market this fantastic investment opportunity. The property is situated in the heart of Ramsgate town centre and within walking distance to the Famous Royal Harbour and Sandy beaches. Recently renovated to a high standard the property comprises of a selection of 2 x one bedroom and 2 x studio apartments and a lock up shop on the ground floor. Further benefits include upgraded electrics, gas heating system and fire safe systems. There is also a spacious basement perfect for storage. On the first and second floors there is an additional office and storage room. The current owners currently rent the apartments out on short stay and short leases along with the ground floor lock up shop. The combined rental income is approx £50,000 per annum giving an approx yearly yield of 8.3%.


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Ramsgate is situated to the south of the Isle of Thanet and boasts the country s only Royal Harbour, a status bestowed by King George 1V in 1821. The beautiful Marina, once the starting point for the Little Ships heroic journey to Dunkirk in 1940, is now enjoyed by a vibrant yachting community, and flanked by restaurants, cafes, and quirky independent shops, some set into the arches on the quayside. The town itself is also steeped in history, with a wealth of Grade 11 listed properties, elegant Regency squares and St Augstine s Abbey, the pet project of the architect Augustus Pugin, famed for designing the interior of the Palace of Westminster and Big Ben. With its fascinating network of wartime and smugglers tunnels, traditional pubs, docks and sweeping sands, Ramsgate has associations with many other well-known figures, including Queen Victoria, Karl Marx, Wilkie Collins, John Le Mesurier and Vincent Van Gogh. The high-speed rail link to London St Pancras has made commuting a viable option from a home by the sea.

Retail Shop

Ground Floor Entrance

Communal Hallway

No.1 Studio Apartment

Communal W.C

Basement

First Floor

Office

No.2 Studio Apartment

No.3 1 Bed Apartment

Second Floor

Storage Room

No.4 Studio Apartment

No.5 1 Bed Apartment

Property LOCATION

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