Broad Street, Ramsgate £1,800,000

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Town Centre Location
Planning Ref: R/TH/23/1261
Excellent Transport Links
Nearby Public Car Park
Good Public Transport Links
Planning for 26 two bed & 4 one bed flats
0.2 miles to the Harbour Arm & Beach
Planning includes a Commercial Unit

Residential Development site with Full Planning Permission for 30 flats and a retail shop.

The site comprises a retail store on a plot of some 0.22 acres (0.09 hectares) found approximately a 4 minute walk of the sea front and harbor, with its mix of restaurants, bars and cafes. Planning permission has been granted for the demolition of the existing building and erection of a four storey building comprising 26 two bedroom flats, 4 bedsit flats and a retail shop of 689 sq.ft (64 sq.m).

The site is found in Broad Street which runs parallel with High Street and within a 2-minute walk of the King Street, Queen Street, Harbour Street and High Street pedestrianized crossing. All four streets provide a selection of retail, café and restaurant occupiers with the intersection being the center of the town.

Directly to the east of the property from Cleaver Lane is the Staffordshire Street overground Car Park, providing 254 spaces. Ramsgate mainline railway station with services to London St Pancras International and London Victoria in 1 hour 15 minutes, and 2 hours respectively.

DESCRIPTION
The site is currently a two-storey commercial property with almost 100% site coverage, having frontages to Broad Street, Turner Street and Cleaver Lane. Directly behind the property is a Council owned car park which we understand has in the past been used as a materials store for another development in the street.

PLANNING
Outline planning permission was granted in January 2021 for the “Erection of a 5 storey building for up to 26No 2 bed, 4No 1 bed and 1No 3 bed self-contained flats with a retail unit at ground floor level following demolition of existing buildings.” (Reference: OL/TH/19/0484) This was amended in the application for reserved matters which was approved in June 2024.

The site has planning permission to provide a total of 26 two bedroom flats and 4 bedsit flats arranged over 4 floors. In addition the scheme will provide 689 sq.ft (64 sq.m) of retail space. Full details of the application can be found on Thanet District Council’s planning site under reference R/TH/23/1261. The planning permission provides for no social housing but a financial contribution to SAMM.

VAT
VAT will be payable if applicable.

VIEWINGS & INFORMATION
For further information and the marketing pack please contact sellers’ sole agents Clarke & Crittenden.