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5 Harbour St 1,208 sq ft Retail Property Ramsgate CT11 8HA £425,000 (£351.82/sq ft) 2.35% Net Initial Yield
Investment Highlights
- Prominent town centre location
- Ramsgate Marina very closeby
- Neighboured by mixture of local and national retailers
Executive Summary
The property comprises a shop premises trading as a bakers at ground floor and basement levels which are currently let at £10,000 per annum.
On the upper levels with separate access from the rear are two self-contained duplex flats comprising one x one bedroom with a roof terrace, and one x two bedroom with internal lift. Both flats are currently vacant.
On the upper levels with separate access from the rear are two self-contained duplex flats comprising one x one bedroom with a roof terrace, and one x two bedroom with internal lift. Both flats are currently vacant.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,208 sq ft
Costar Property Class
B
Year Built
1900
Price
£425,000
Price per sq ft
£351.82
Yield
2.35%
NOI
£10,000
Tenancy
Single
Number of Floors
3
Plot ratio
1.21
Total Plot Size
0.02 ac
Frontage
17 ft on Harbour Street
Amenities
- Signage
1 1
Nearby Major Retailers
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5 Harbour St
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