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The property comprises a high yielding investment opportunity occupying a unique pitch opposite Ramsgate Station.
Arranged as commercial space with a large car park and amenity land to the rear, the property is fully let to Pierremonts Limited and trading as a car and van hire business. The lease commenced 01.06.2007 and the tenant is paying a current rent of £13,211 per annum with annual RPI Linked reviews and 6-yearly open market reviews. We understand the original lease term has expired but the tenant is continuing to occupy on a periodic tenancy with three months notice to expiry, offering asset management potential via renewal.
The property occupies a prominent pitch immediately opposite the main entrance to Ramsgate Station.
Tenure
Leasehold - Approx. 143 Years Unexpired - Please Refer to Legal Pack
Rent
Notes
Please note any areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been inspected by Savills. Prospective purchasers must rely upon their own enquiries. Please refer to the legal pack.