12 Grundys Hill & 74a Queen Street, Ramsgate, Kent

Description

Investment opportunity comprising a freehold retail unit with maisonette above and garage (No. 18). The retail unit and garage are subject to a lease in favour of TAG Pet Rescue, a registered charity. The maisonette is subject to an Assured Periodic Tenancy.

Accommodation

Maisonette provides reception room, two bedrooms, kitchen and bathroom. Garage No. 18.

Location

The property is situated on the south side of Queen Street, close to its junction with Grundy's Hill. Extensive shops and amenities are available in Ramsgate town centre. Ramsgate rail station provides services to London Charing Cross, London Victoria and St Pancras International stations. The A299 (Royal Harbour Approach) is to the west and Royal Parade is to the south. The open spaces of Ellington Park are to the north. The Yacht Marina is very close by, together with Ramsgate Beach and West Undercliff Beach.

Tenure / Property Information

Investment Analysis

The supplied guide is £150,000+, but no completed sales, rental evidence, passing rents, lease terms, valuation evidence or auction costs are provided. Market value, GDV and investment returns cannot be reliably estimated from the evidence. The property comprises a freehold mixed-use asset with a leased retail unit and garage plus a two-bedroom maisonette subject to an Assured Periodic Tenancy.

Investment Snapshot

Strategy Recommendation

Treat as a due-diligence-led mixed-use investment only. Do not rely on the guide as market value or bid without reviewing the leases, tenancy, rents, title, special conditions and inspection findings.

Works Required

No specific defects or refurbishment requirements are evidenced. Allowance should not be estimated without inspection and further property information; verify the condition of the retail unit, maisonette and garage before bidding.

Rental & Market Context

Potential BRRR Position

BRRR cannot be underwritten from the supplied evidence. There is no supported GDV, rent, refurbishment budget, financing cost or total project cost. Refinance assumptions would be speculative without valuation and tenancy evidence.

Buy-to-Let Analysis

BTL returns cannot be calculated because no sufficiently specific rental comparable, auctioneer rent estimate or passing rent is supplied. The maisonette is subject to an Assured Periodic Tenancy, so tenancy terms, rent, payment history and possession position require verification. The retail unit and garage are leased to TAG Pet Rescue, with lease details and rent also requiring review.

Flip Analysis

A flip appraisal cannot be completed because no supported GDV, refurbishment cost, selling allowance or condition assessment is provided. The existing lease and Assured Periodic Tenancy may also affect saleability and purchaser demand.

Investor Risks & Due Diligence

• No supported market value or comparable evidence is provided.

• No passing rents or rental comparables are supplied, preventing yield analysis.

• The retail unit and garage are subject to a lease in favour of TAG Pet Rescue; lease term, rent and obligations are not provided.

• The maisonette is subject to an Assured Periodic Tenancy; rent, tenancy terms and possession position are not provided.

• Additional seller or third-party charges may apply under the special conditions and addendum.

• Condition and refurbishment requirements for the retail unit, maisonette and garage are not evidenced.

Recommendation

Treat as a due-diligence-led mixed-use investment only. Do not rely on the guide as market value or bid without reviewing the leases, tenancy, rents, title, special conditions and inspection findings.

Strategy Rating

Analysis Confidence

The property description and occupancy structure are supplied, but there is no sales evidence, rental evidence, condition assessment, lease detail, tenancy rent, EPC, council tax or buyer/admin fee information.