£275,000
Property for saleUnits 22-25, St. Pauls Square, Ramsey IM8
Chrystals Estate Agents
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About this property
Well positioned ground floor restaurant
Leasehold expiring in 2107
Area: 1979 sq ft
Investment opportunity
Tenanted on a 5 year lease achieving £31,200 per annum
11.34% gross yield
Take advantage of this enticing investment opportunity to acquire a prime ground floor restaurant, already tenanted and boasting a commanding presence on St Pauls Square in Ramsey.
This property boasts a generous footprint of 1979 sq ft, encompassing four individual units. The restaurant area accommodates around 46 diners within elegantly designed dining areas, featuring a well equipped bar, customer and staff amenities, an office, storage facilities, and a spacious, fully outfitted kitchen. Parking is conveniently located in the adjacent St Pauls Square car park.
This sale presents a leasehold opportunity with a tenure extending until November 2107. The current tenant, having signed a 5 year lease in 2024, yields an annual income of £31,200, inclusive of rent, rates, and service charges, equating to an impressive 11.34% gross yield.
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