Summary - 74 74 Grundy's Hill, Ramsgate, Kent, CT11 CT11 9HF
1 bed 1 bath Mixed Use
Immediate rental income with refurbishment upside in Ramsgate town centre.
Freehold mixed-use block with shops, flats and garages
A substantial freehold mixed-use portfolio in Ramsgate offering immediate rental income and long-term uplift potential. The block comprises multiple ground-floor shops with residential flats above plus extensive garage stock; the current headline income is £114,560pa. The buildings are mid-20th-century brick construction with standard ceiling heights and practical, easily lettable one- and two-bedroom layouts.
This is an investor-focused opportunity: strong rental coverage from shops, flats and garages produces diversified income and scope to improve returns through targeted refurbishment, re-letting and layout rationalisation. Location benefits include street frontage, passing trade and proximity to Ramsgate’s Royal Harbour and rail link to London, which supports tenant demand.
Buyers should be realistic about the area and asset condition. The neighbourhood is classified as very deprived with very high local crime rates and a large proportion of constrained renters; these factors influence demand, void risk and management overheads. Some units are dated and will require investment (cosmetic and potentially mechanical/servicing) to lift rental values and attract higher-quality tenants.
Practical notes: broadband speeds are average, mobile signal is excellent, there is no private garden amenity, and the footprint is large with significant garage provision. This portfolio suits an investor or portfolio buyer seeking immediate cashflow with scope for active asset management and capital improvement.
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