Lot 10 details
6 week completion
Located in this pedestrianised section of the town's main retail thoroughfare, near to the junction with York Street, less than 200 yards from Waitrose and close to branches of Thomas Cook, William Hill, Cancer Research UK, KFC, Barclays, Lloyds, Halifax, CEX and a host of local traders. In addition, there is a street market on Fridays and Saturdays.
Ramsgate is a popular East Kent coastal town some 17 miles north-east of Canterbury and 20 miles north of Dover with easy access via the A293 which provides access to the A2 and M2 Motorway.
An end of terrace building comprising a Ground Floor Shop (with trap door access to a Basement) and internal access to Ancillary Accommodation on first and second floors.
Ground Floor Shop
Gross Frontage 18'5"
Internal Width 16'10"
Shop Depth 24'3"
Basement (Not inspected)
First Floor Ancillary Area Approx. 225 sq ft plus WC
Second Floor Ancillary Area Approx. 200 sq ft plus WC
VAT is applicable to this Lot
The entire property is let on a full repairing and insuring lease to S. H. Dunne and S. L. Bonny (with 2 personal guarantors until December 2021) as a Florist for a term of 10 years from 25th December 2016 at a current rent of £13,500 per annum exclusive.
Rent Review 2021
Note 1: There is a £3,150 (incl. VAT) Rent Deposit held.
Note 2: There is a side door on Queen's Court that leads into the rear of the shop which could enable the upper part to be self-contained, subject to possession and the necessary consents.