This property is no longer on the market
Mixed use
Property description & features
- Mixed Use Property
- Heart of Ramsgate
- Newly Renovated
- Investment Opportunity
- Viewing Recommended
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%.
.
Ramsgate is situated to the south of the Isle of Thanet and boasts the countrys 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 Augstines 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 information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 30539155. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Miles & Barr - Ramsgate.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.