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Location
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Compass HouseStation Approach Road, Ramsgate
- Sole agency
- Leasehold
Key features
- High Yielding Investment Opportunity
- Commercial Unit and Land
- Fully Let to Pierremonts Limited
- Annual RPI Linked Reviews
- Asset Management Via Renewal
- Opposite Ramsgate Station
- Investment Let at £13,211 p.a. (16.5% GIY on Guide Price)
High Yielding Investment Opportunity Opposite Ramsgate Station Commercial Unit and Land Let on a Lease with RPI Linked Reviews - Tenant on Periodic Tenancy Offering Asset Management Potential Via Renewal Investment Let at £13,211 per annum
About this property
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.