5 High Street Ramsgate Kent CT11 9AB

5 High Street
Ramsgate
Kent
CT11 9AB

Freehold Retail Investment

Entirely let to Tui UK Limited t/a Thomson Travel
Prime pedestrianised town centre location
Close proximity to Ramsgate Harbourside and Marina
Neighbouring occupiers include Lloyds Bank, New Look, HSBC, Boots, WH Smith and Caffé Neró

Lot
46
Auction
9th July 2014
Rent
£24,500 per Annum Exclusive
Status
Sold
Price
£268,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Fund

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Freehold Retail Investment

Entirely let to Tui UK Limited t/a Thomson Travel
Prime pedestrianised town centre location
Close proximity to Ramsgate Harbourside and Marina
Neighbouring occupiers include Lloyds Bank, New Look, HSBC, Boots, WH Smith and Caffé Neró

Lot 46
Auction 9th July 2014
Rent £24,500 per Annum Exclusive
Status Sold
Price £268,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of a Fund

Property Information

Location

Miles: 75 miles east of London City Centre, 16 miles east of Canterbury
Roads: M2 (junction 7), A253, A256
Rail: Ramsgate Railway Station (Approximately 1 hour 16 mins to London St Pancras International)
Air: London Gatwick Airport, Manston Airport

Situation

Ramsgate is a busy port on the east coast of Kent, with excellent links to the M2 via the A253. The property is situated on the east side of the pedestrianised High Street in a highly prominent position at its junction with King Street and Queen Street. Neighbouring occupiers include Lloyds Bank, New Look, HSBC, Boots, WH Smith and Caffe Nero. The property is in close proximity to Ramsgate Harbourside and Marina.

Tenure

Freehold.

Location

Miles: 75 miles east of London City Centre, 16 miles east of Canterbury
Roads: M2 (junction 7), A253, A256
Rail: Ramsgate Railway Station (Approximately 1 hour 16 mins to London St Pancras International)
Air: London Gatwick Airport, Manston Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground First Second	Retail Ancillary Ancillary	53.10 sq m 34.90 sq m 33.80 sq m	(572 sq ft) (376 sq ft) (364 sq ft)	TUI UK LIMITED t/a Thomson Travel (1)	10 years from 23/01/2006 on a full repairing and insuring lease	£24,500	22/01/2016
Totals		121.80 sq m	(1,312 sq ft)			£24,500

(1) Tui UK Limited is a subsidiary of Thomson Travel (Group) Holdings Limited. Thomson Travel has 700 branches across the UK. (Source www.thomson.co.uk and www.tuitravelplc.com 11/06/2014).