icons_size_white icons_size

AGENT'S DETAILS


Ramsey – Freehold Retail and Residential Investment

For sale: £85,000.00|515 Sq Ft|Residential, Retail, Flat, Retail - High Street, Restaurant/Cafes, Mixed Use, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£85,000.00
SIZE515 Sq Ft
ADDRESS84 High Street, Ramsey, Huntingdon, Cambridgeshire PE26 1BS
TYPEResidential, Retail, Flat, Retail - High Street, Restaurant/Cafes, Mixed Use, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON31st May 2020

DESCRIPTION

Investment Consideration:
Located in popular market town.
Comprises a High Street shop, two self-contained residential flats at rear ground and first floor and a detached single storey garage and parking area have been let on long leases.
Shop tenant did not exercise break clause on the 1st May 2020.
VAT is applicable to this property.
Nearby occupiers include Nationwide Building Society, Barclays and McColl’s.

Property Description:
The property, a Grade II listed building, comprises a ground floor retail unit, two self-contained residential flats at rear ground and first floor and a detached single storey garage and parking area have been let on long leases.

The property provides the following accommodation and dimensions:
No. 84 Ground Floor Retail Shop: 49.70 sq m (515 sq ft)
No. 84A First Floor Flat: Comprises 2 Bedrooms, Kitchen and Bathroom (sold off on long lease)
No. 84B Ground & First Floor: Comprises 1 Bedroom, Kitchen, Bathroom and Garage (sold off on long lease)

Tenancy:
The shop is at present let to an Individual t/a The Sandwich Bar for a term of 5 years from 1st May 2017 at a current rent of £5,250 per annum and the lease contains full repairing and insuring covenants. Tenant did not exercise break clause on the 1st May 2020. The two residential flats on the ground and first floor is sold on long leases for a term of 99 months from 25th March 1990 at a current ground rent of £227.50 per annum (No. 84A ground rent is £60 p.a. and No. 84B ground rent is £167.50 p.a.).

Location:
Ramsey is a popular market town in Cambridgeshire some 10 miles north of Huntingdon. The property is situated on High Street, close to its junction with Great Whyte (B1040). Nearby occupiers include Nationwide Building Society, Barclays Bank and McColl’s.

LOCATION

Location: 84 High Street, Ramsey, Huntingdon, Cambridgeshire PE26 1BS

Whittlesea (7.1 miles)

Huntingdon (9.0 miles)

close
What do you think of our website?
Complete our survey and
you could win £1000
Start here