Description
Fantastic opportunity to acquire a fully fitted pizza shop with two self-contained one-bedroom flats above, located on the busy King Street in Ramsgate. The property is held on a 25-year lease with rent and rates combined at just 1,665 per month for the entire building. The two flats currently generate around 20,000 per annum in rental income, which more than covers the rent and rates for the whole building. This means the shop can be operated with minimal overheads, making it a highly attractive and low-risk opportunity. The premium is 55,000. With strong passing trade, established local demand, and the added security of rental income covering all property costs, this is a rare chance to secure a profitable business and property package in a prime location. Pizza Shop with 2 Flats - King Street, Ramsgate, CT11 Prime King Street location – busy high street with strong footfall 2 x One-Bedroom Flats above the shop Rent & Rates: 1,665 pcm for the entire building Flats generate approx. 20,000 p.a., covering rent & rates in full 25-Year Lease Premium: 55,000 Fully fitted pizza shop with established local demand