Leisure to let - Royal Victoria Pavilion, Harbour Parade, Ramsgate, CT11 8LS

<strong>Description</strong><br>Sitting on the town’s seafront, the Royal Victoria Pavilion has undergone extensive regeneration to restore the Grade II listed Victorian building. The 20,000 sq ft pavilion is ideally placed, just a few steps from Ramsgate’s sandy beach on the North Kent Coast. Formerly a concert Hall and assembly rooms with a large sundeck, the pavilion was a thriving destination for locals and tourists during the first half of the 20th century. The new development provides a spectacular new JD Wetherspoon pub, which opened following a £5m investment in August 2017, along with additional commercial space, ideal for restaurant, bar or retail use. In addition to the new unit, the development will offer attractive public realm areas in which operators can benefit from outside seating.<br><br><strong>Terms</strong><br>The new unit will be available on an effective full repairing and insuring lease.<br><br><strong>Background to Ramsgate</strong><br>Ramsgate is home to England’s only Royal Harbour.<br /> • Population of 68,000 within the primary retail catchment area.<br /> • Ramsgate is an expanding market with above average growth in population forecast from 2016-2020.<br /> • Over 3.1 million visitors to Thanet every year, worth an estimated £217 million to the local authority (Visit Kent DMP Research)<br /> • There is a salient lack of existing, branded restaurant provision in Ramsgate and the wider area. This presents the opportunity to exploit an untapped market in the popular, tourist Ramsgate area.<br><br><strong>The Unit</strong><br>This unique unit provides open plan accommodation with the potential to create floor to ceiling glazing situated on Ramsgate’s busy beach providing magnificent sea views which could be suitable for retail, office and leisure uses. The indicative layout provides a single unit of 424 sq m (4,564 sq ft) which will be provided with capped off main services in shell condition ready for fit out. The unit will have the ability to provide outside seating facilities.<br><br><strong>Rent</strong><br>Rental offers are invited for the benefit of a new lease on terms to be agreed. Incentives are available, subject to status.<br><br><strong>Legal Costs</strong><br>Each party is to be responsible for their own professional costs incurred in the transaction.<br><br><strong>Rates</strong><br>The unit will be assessed for rating purposes upon completion of the development.<br><br>