Available
Folkestone – Large Retail Premises
28/30 Sandgate Road, Folkestone, Kent CT20 1DPVirtual Freehold Ground Floor Retail Premises with Large Basement
Investment Consideration
- Vacant possession
- ERV: £30,000 p.a. GIY: 10.00%
- Comprises large retail premises at ground floor with ancillary accommodation at basement
- Suitable for variety of uses (Class E)
- Located on pedestrianised street in the heart of the town centre with occupiers nearby including Costa Coffee, HSBC, Waterstones, Superdrug, Shoe Zone and many more.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
The property comprises large ground floor retail premises with ancillary accommodation at basement, providing the following accommodation and dimensions:
Ground Floor Retail: 277.50 sq m (2,987 sq ft)
Basement: Ancillary 87.00 sq m (936 sq ft)
Total NIA: 364.50 sq m (3,923 sq ft)
Ground Floor Retail: 277.50 sq m (2,987 sq ft)
Basement: Ancillary 87.00 sq m (936 sq ft)
Total NIA: 364.50 sq m (3,923 sq ft)
Tenancy Description
The property is at present vacant. ERV £30,000 p.a.
Tenure:
Leasehold. To be held on a 999 Year Lease from completion at a ground rent of peppercorn.
Tenure:
Leasehold. To be held on a 999 Year Lease from completion at a ground rent of peppercorn.
Location Description
Folkestone is a port town on the English Channel, in Kent, south-east England. The town is located at the eastern end of the M20 which provides fast access to Ashford, Maidstone, London and also to the M25. Stagecoach in East Kent operates local buses from the town. National Express runs coaches to Ashford, Dover, Hythe, Maidstone and London. The property is located on pedestrianised street in the heart of the town centre with occupiers nearby including Costa Coffee, HSBC, Waterstones, Superdrug, Shoe Zone and many more.