Guide price
£700,000
Retail premises for saleHigh Street, Ramsgate, Kent CT11
Freehold
About this property
Prominent High Street retail investment
Let to Poundland Ltd
New 5-year lease from 23rd April 2025
Passing rent of £55,000 per annum exclusive + VAT
Total accommodation approximately 14,585 sq.ft
Strong town centre trading location
National retailer covenant
Attractive income-producing asset
EPC Rating: C
Situated in a highly prominent trading position on Ramsgate High Street, this substantial retail investment property extends to approximately 14,585 sq.ft and occupies a well-established commercial location within the town centre.
The property is fully let to Poundland Ltd on a new five-year lease commencing 23rd April 2025, producing a current rental income of £55,000 per annum exclusive + VAT.
Benefitting from extensive frontage and strong pedestrian footfall, the property represents an attractive retail investment opportunity with secure covenant strength from a nationally recognised retailer. The unit provides generous accommodation arranged over multiple floors, suitable for continued retail use in this busy and established shopping destination.
Id Disclaimer
If an offer is accepted on a property marketed by Miles & Barr, all purchasers are required to complete id verification checks. This is a legal obligation under Anti-Money Laundering Regulations. We use a specialist third-party company to carry out these checks. The fee is £60 (including VAT) per person or £120 (including VAT) if purchasing under a company name, payable once the offer is agreed and before the sales memorandum is issued. Please note that this charge is non-refundable.
Location Summary
Ramsgate is situated on the southerly aspect of the Isle of Thanet and benefits the country’s only Royal Harbour, its status being granted by King George IV in 1821. The distinctive and beautiful harbour has a vibrant yachting community alongside some commercial activity and was where the Little Ships evacuation of Dunkirk set out from in 1940. The town is enjoying something of a Renaissance with its large amount of Grade II Listed property, many set within elegant Regency squares, or overlooking the sea, others with links to or influenced by the architect Augustus Pugin. In recent years the Royal Harbour has seen many restaurants, cafes and bars emerge alongside quirky independent retail outlets, some utilising the arches on the quayside beneath Royal Parade. The town is steeped in history with associations to many well known figures including Queen Victoria, Karl Marx and Vincent Van Gogh as well as having a fascinating network of tunnels beneath the main centre. The fortunes of the town have been hugely assisted by the recent addition of a high speed rail link to London St Pancras making a commute for many a viable option.
Ground Floor Retail Area
721 Sqm
First Floor Storage
527 Sqm
First Floor Office
106 Sqm
The property is fully let to Poundland Ltd on a new five-year lease commencing 23rd April 2025, producing a current rental income of £55,000 per annum exclusive + VAT.
Benefitting from extensive frontage and strong pedestrian footfall, the property represents an attractive retail investment opportunity with secure covenant strength from a nationally recognised retailer. The unit provides generous accommodation arranged over multiple floors, suitable for continued retail use in this busy and established shopping destination.
Id Disclaimer
If an offer is accepted on a property marketed by Miles & Barr, all purchasers are required to complete id verification checks. This is a legal obligation under Anti-Money Laundering Regulations. We use a specialist third-party company to carry out these checks. The fee is £60 (including VAT) per person or £120 (including VAT) if purchasing under a company name, payable once the offer is agreed and before the sales memorandum is issued. Please note that this charge is non-refundable.
Location Summary
Ramsgate is situated on the southerly aspect of the Isle of Thanet and benefits the country’s only Royal Harbour, its status being granted by King George IV in 1821. The distinctive and beautiful harbour has a vibrant yachting community alongside some commercial activity and was where the Little Ships evacuation of Dunkirk set out from in 1940. The town is enjoying something of a Renaissance with its large amount of Grade II Listed property, many set within elegant Regency squares, or overlooking the sea, others with links to or influenced by the architect Augustus Pugin. In recent years the Royal Harbour has seen many restaurants, cafes and bars emerge alongside quirky independent retail outlets, some utilising the arches on the quayside beneath Royal Parade. The town is steeped in history with associations to many well known figures including Queen Victoria, Karl Marx and Vincent Van Gogh as well as having a fascinating network of tunnels beneath the main centre. The fortunes of the town have been hugely assisted by the recent addition of a high speed rail link to London St Pancras making a commute for many a viable option.
Ground Floor Retail Area
721 Sqm
First Floor Storage
527 Sqm
First Floor Office
106 Sqm
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Monthly repayment
£3,501 per month
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