Commercial investment opportunity with car park

The property comprises a high yielding investment opportunity occupying a unique pitch opposite Ramsgate Station. Arranged as commercial space with a large car park and amenity land to the rear, the property is fully let to Pierremonts Limited and trading as a car and van hire business. The lease commenced on 1 June 2007 and the tenant is paying a current rent of £13,211 per annum with annual RPI-linked reviews and six-yearly open market reviews. The original lease term has expired, but the tenant is continuing to occupy on a periodic tenancy with three months notice to expiry, offering asset management potential via renewal. The property occupies a prominent pitch immediately opposite the main entrance to Ramsgate Station.