This three storey freehold terrace building is currently let under the terms of a commercial lease and situated in the centre of Ramsgate on the pedestrianised section of the High Street.

Planning Permission was granted in October 2014 for conversion of the upper parts to provide a number of residential units, however, this has now lapsed.

Ground Floor
Retail area.

Basement

First Floor
Open plan treatment area, office, three treatment rooms, laundry room, kitchen and W.C.

Second Floor
Two rooms.

Tenancy
Currently let on a 10 year commercial lease from 10th August 2015 at a current rental of £18,000 per annum. There is provision for a rent review on 10th August 2020.

Planning
Planning Permission was granted by Thanet District Council, under ref: 14/0646, dated 16th October 2014 for the change of use of the retail shop to a restaurant and hot food takeaway and change of use and conversion of the first floor into two one-bedroom flats and the second floor into a two-bedroom flat, subject to conditions. This Planning has now lapsed. A copy of the Planning Consent will be available to download from the Clive Emson website or inspection at the Auctioneer’s Office.

Auctioneer's Note
The Auctioneer has been informed the tenant will be vacating the property on 13th September 2020.

Vacant Possession

Commercial EPC: C

Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Please note, following the Governments advice, lots are now being offered via our online platform. The next online auction will be held on WEDNESDAY 23rd SEPTEMBER. To register for our online auction please go to our online auction page . To bid you will need to complete the form and return it to us by 3pm the day prior to the auction, along with the necessary ID and any required funds. For further information please go to cliveemson.co.uk or call us on[use Contact Agent Button].

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at , or contact us on[use Contact Agent Button], in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to

This property is no longer available

Photos

Studio flat for sale