Retail premises for sale in 4, Ramsgate, Stockton On Tees TS18, £95,000

95,000.00

Offer Nr.:
65595246
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Connect Property North East
Phone(s):
01642 048886

* Freehold
* Ground Floor Investment Property
* Established Commercial Location
* Close to High Street
* Annual Income £6, 600 per annum
* Business Rates Exempt
* For qualifying businesses
The property to let is situated in Ramsgate, close to Stockton High Street and
retail frontages. Ramsgate offers a mix of retail and leisure users with
offices and residential above.
Stockton is located on the bank of the River Tees, 5 miles East of
Middlesbrough and 45 miles South of Newcastle upon Tyne. The town has
excellent road links to the A66 which provides access to the A19 and A1(M)
networks.
The property comprises a ground floor retail unit with kitchen facilities and
associated cloakroom and wc’s.
The property is let to John Kidson who trades as Fantacy Fragrances / Holistic
Massage Treatment.
**Terms**
Let to John Kidson on a 3 - year lease which commenced 1 March 2023 and expires
28 February 2026.
£6000 per annum until 28/02/24
£6360 per annum from 01/03/24 until lease expiry on 28/02/26.
3 upper floor flats with a ground rent totally £600 per annum.
The premises are available to buy Freehold with offers in the region of
£95, 000 invited.
**Rates**
The property has a Rateable Value of £5, 200.
**Energy performance certificate**
C (71)
Accommodation:
Ground floor: 645. 00 sqft

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