Property photos
Just added
Offers in region of
£225,000
(£228.66/sq. ft)
Retail premises for sale
Sandgate Road, Folkestone CT20984 sq. ft
Local area information
Property location
Nearby amenities
- St Eanswythe's Church of England Primary School 0.2 miles
- Christ Church Cep Academy, Folkestone 0.4 miles
- Folkestone Central 0.5 miles
- Folkestone West 1.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Folkestone to find out more about the local area.
Features and description
- Town location
- Close to bus station
- Investment
- 7.5-8% yield
Detailed Description
Motis Estates are proud to offer a commercial shop on Sandgate Road adjacent to Nationwide Building Society in the centre of Folkestone. There are a number of Estate Agents, Barbers and other retail stores within the vicinity.
The property has the benefit of a 10 year lease from 2024 at a current rent of £16,250 per annum with an increase in Year 3 to £17,250 per annum and a rent review on the 5th anniversary. There is no tenant break clause. A copy of the lease is available upon request.
The Lease is inside the provisions of the Landlord and Tenant 1954 act.
Use: Any use within Class E of the Town and Country Planning Act (Use Classes) Order 1987.
The tenants will be responsible for electricity, water and drainage and a contribution towards the insurance premiums paid and maintenance and upkeep of the building.
From a search of the Valuation Office Website we have identified a Rateable Value of £16,250 with effect from 1st April 2023.
Energy Performance Certificate: 38 (B) Full Details available upon request.
Offers in the region of £225,000 (no VAT)
Viewings available with Motis Estates Chartered Surveyors in Folkestone via important notice from Motis Estates
Descriptions of the property are subjective and are used in good faith as an opinion and not as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
Motis Estates are proud to offer a commercial shop on Sandgate Road adjacent to Nationwide Building Society in the centre of Folkestone. There are a number of Estate Agents, Barbers and other retail stores within the vicinity.
The property has the benefit of a 10 year lease from 2024 at a current rent of £16,250 per annum with an increase in Year 3 to £17,250 per annum and a rent review on the 5th anniversary. There is no tenant break clause. A copy of the lease is available upon request.
The Lease is inside the provisions of the Landlord and Tenant 1954 act.
Use: Any use within Class E of the Town and Country Planning Act (Use Classes) Order 1987.
The tenants will be responsible for electricity, water and drainage and a contribution towards the insurance premiums paid and maintenance and upkeep of the building.
From a search of the Valuation Office Website we have identified a Rateable Value of £16,250 with effect from 1st April 2023.
Energy Performance Certificate: 38 (B) Full Details available upon request.
Offers in the region of £225,000 (no VAT)
Viewings available with Motis Estates Chartered Surveyors in Folkestone via important notice from Motis Estates
Descriptions of the property are subjective and are used in good faith as an opinion and not as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
More information
Listed by
Motis Estates
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Property descriptions and related information displayed on this page are marketing materials provided by - Motis Estates. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Motis Estates for full details and further information.