Residential · Commercial Development · Freehold

A Vacant Substantial Mid Terrace Building Arranged to Provide a Lower Ground and Ground Floor Retail Unit with First and Second Floor Office Space. Total G.I.A Approx 15,521 sq ft. Potential for Development (Subject to Obtaining all Relevant Consents)

25-27 King Street, Ramsgate, Kent, CT11 8NP

Property type
Commercial Development
Floor area
15,521 sq ft
Tenure
Freehold

A vacant, substantial mid terrace building in Ramsgate comprising approximately 15,521 sq ft of retail and office space arranged over lower ground, ground, first and second floors. The property offers freehold tenure with potential for development subject to obtaining relevant consents.

Freehold tenure Retail and office space Development potential Mixed-use location Rail station access

Accommodation

  • Lower Ground Floor - Ancillary Space / Store Rooms
  • Ground Floor - Retail Area
  • Ground Floor - Store Rooms
  • First Floor - Offices
  • First Floor - Store Rooms
  • First Floor - WCs
  • Second Floor - Offices
  • Second Floor - Store Rooms

Full description

A vacant, substantial mid terrace building arranged to provide a lower ground and ground floor retail unit with first and second floor office space. The property is situated on a mixed use road amongst local shops and amenities. Nearby multiples include Boots, New Look and Café Nero. Transport links are provided by Ramsgate rail station. The accommodation comprises: Lower Ground Floor - 3,789 sq ft of ancillary space and store rooms. Ground Floor - 6,676 sq ft of retail area and store rooms. First Floor - 4,576 sq ft of offices, store rooms and WCs. Second Floor - 1,295 sq ft of offices and store rooms. Total G.I.A Approximately 15,521 sq ft. The property is held on a freehold basis and benefits from potential for development subject to obtaining all relevant consents.

Site plan

Site plan for A Vacant Substantial Mid Terrace Building Arranged to Provide a Lower Ground and Ground Floor Retail Unit with First and Second Floor Office Space. Total G.I.A Approx 15,521 sq ft. Potential for Development (Subject to Obtaining all Relevant Consents)

Financial Tools

Your estimated monthly payment
£2,292.81/mo
Deposit £137,500 (25%) Loan £412,500 Interest £275,343
Total cost £687,843 Total interest £275,343
Property price£550,000
Deposit25%
£137,500
Interest rate4.5%
Term25 yrs

For illustration only. SDLT applies to England & Northern Ireland; rates and reliefs change. Seek independent financial advice before making decisions.

Location

25-27 King Street, Ramsgate, Kent, CT11 8NP
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