Queens House, Queen Street Ramsgate CT11 9EW

Queens House, Queen Street
Ramsgate
CT11 9EW

Freehold Office Investment

  • Tenants include Trillium (Prime) Property GP Limited t/a Job Centre Plus and Inventiv Health Clinical UK Ltd.
  • Prominent position on the busy Queen Street, close to Ramsgate Harbourside and Marina.
  • Nearby occupiers include Waitrose & Kwik-Fit.
  • Active Management Potential and Future redevelopment potential (Subject to consents).
  • Approximately 3,021 sq m (32,518 sq ft) with extensive car parking.
  • Six Week Completion
  • Lot
    41
  • Auction
    17th October 2013
  • Rent
    £146,250 per Annum Exclusive
  • Status
    Sold
  • Price
    £910,000
  • Sector
    Office
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    Mayfair
    London W1K 2HP
  • On Behalf of J Cookson and R Freese acting as Joint Fixed Charge Receivers
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Office Investment

  • Tenants include Trillium (Prime) Property GP Limited t/a Job Centre Plus and Inventiv Health Clinical UK Ltd.
  • Prominent position on the busy Queen Street, close to Ramsgate Harbourside and Marina.
  • Nearby occupiers include Waitrose & Kwik-Fit.
  • Active Management Potential and Future redevelopment potential (Subject to consents).
  • Approximately 3,021 sq m (32,518 sq ft) with extensive car parking.
  • Six Week Completion
  • Lot 41
  • Auction 17th October 2013
  • Rent
  • Status Sold
  • Price £910,000
  • Sector
    Office
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    Mayfair
    London W1K 2HP
  • On Behalf of J Cookson and R Freese acting as Joint Fixed Charge Receivers

Property Information

Location
Miles
75 Miles south-east of London
5 miles south of Margate
16 miles west of Canterbury
20 miles north of Dover
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 north side of Queen Street at its junction with Elms Avenue. Nearby occupiers include Waitrose and Kwik-Fit. The property is in close proximity to Ramsgate Harbourside and Marina.

Tenure

Freehold.

Location
Miles
75 Miles south-east of London
5 miles south of Margate
16 miles west of Canterbury
20 miles north of Dover
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 north side of Queen Street at its junction with Elms Avenue. Nearby occupiers include Waitrose and Kwik-Fit. The property is in close proximity to Ramsgate Harbourside and Marina.

Tenure

Freehold.

Description

The property comprises a substantial office building with accommodation on the ground, first, second and third floors with undercroft car parking. The offices benefit from two passenger lifts, suspended ceilings, perimeter trunking and extensive car parking.

Note:
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a substantial office building with accommodation on the ground, first, second and third floors with undercroft car parking. The offices benefit from two passenger lifts, suspended ceilings, perimeter trunking and extensive car parking.

Note:
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is 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 Review/(Reversion)
East Wing
Ground
First
Second
Third

Office and
77 car parking
spaces

492 sq m
536.50 sq m
556 sq m
556 sq m

(5,296 sq ft)
(5,774 sq ft)
(5,985 sq ft)
(5,985 sq ft)
TRILLIUM (PRIME) PROPERTY GP LIMITED t/a Job Centre Plus (1) 15 years from 10/12/2005 (2) £107,500 10/12/2015
(31/03/2018)
West Wing
Part First

Office

225.29 sq m

(2,425 sq ft)
INVENTIV HEALTH CLINICAL UK LTD (3) 5 years from 27/09/2008
(Holding Over) (4)
£33,950 28/09/2013
West Wing
First
Second
Third

Office

218.44 sq m
218.44 sq m
218.44 sq m

(2,351 sq ft)
(2,351 sq ft)
(2,351 sq ft)
VACANT POSSESSION      
Car Parking 8 car spaces
INVENTIV HEALTH CLINICAL UK LTD Right to use (5) £4,800  
Totals  
3,021.11 sq m
(32,518 sq ft)
    £146,250  

(1) For the year ending 31/03/2012, Trillium (Prime) Property GP Limited reported a turnover of £560,438,000, pre-tax profits of £37,612,000 and a total net worth of £407,856,000.(Source: www.riskdisk.com 17/09/2013)
(2) Please note the lease provides for a tenant option to determine the lease on 10/12/2015
(3) For the year ending 31/12/2012, Inventiv Health Clinical UK Ltd reported a turnover of £67,079,878, pre-tax profits of £6,254,981 and a total net worth of £25,904,683. (Source: www.riskdisk.com 17/09/2013)
(4) Inventiv Health Clinical UK Ltd are currently holding over. The tenant has served a Section 26 notice requesting a new lease. A copy of the notice is available in the legal pack.
(5) Under the terms of the lease of the West Wing First Floor (part), the tenant has the right to use 8 car spaces at the rent of £4,800 p.a.x

Property Documents

  • Site Plan
    Updated Date
    25.09.13
    File Size
    109 KB
    View PDF
  • Catalogue Page
    Updated Date
    25.09.13
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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