0116 365 1111

Queen Street, Ramsgate. CT11 9DR

Prime Retail Investment
  • Let to Halifax Bank, Betfred and KFC Franchise
  • Current rent – £103,000 pa
  • Prime town centre location
  • Outstanding Rent Reviews on Two Units
  • AWULT – 6.82 Years
  • 8% Equivalent Yield
£1,300,000

Overview

The property comprises a prominent corner parade situated in the prime retail area of Ramsgate at the junction of Queen Street and Harbour Street.

The three retail units are occupied by Halifax Bank, Done Bros t/as Betfred (on assignment from Ladbrokes) and Caskade Caterers who operate as a successful KFC franchisee. Each property offers full glazed display frontages, ground floor retail and first floor office/staff/storage space. Ramsgate is a classic English seaside town and is England’s only Royal Harbour.

Location

Ramsgate is a town for the future – literally.  It has own time zone – the Ramsgate Meridian – which runs 5 minutes and 41 seconds ahead of GMT.

Situated in a busy town centre trading location at the junction of High Street, Queen Street and Harbour Street.

Description

Prominent corner building providing three retail units each with offices and storage to upper parts.

 

Lease Terms

Let under three effective FRI basis to HBOS, Ladbrokes and Cascade Caterers (a KFC franchise). Halifax have recently agreed a new 10 year lease with a five year break, the Ladbrokes lease expires in 2021 and the KFC lease expires in 2026.

Associated Files