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1 bedroom commercial property for sale

Grace Hill, Folkestone

Sold STCM £70,000

Property Description

Key features

  • Close to town Centre
  • Busy Arterial Road
  • Area 988 sq ft / 91.80 sq m
  • Within Refurbished Building

Full description


Lock up Retail Unit For Sale.Suitable for a variety of uses* (988 sq ft/ 91.80 sq m)

The accommodation comprises (with approximate maximum measurements):-

Gross Frontage 16’11”/ 5.16 m
Internal Width Min 12’6” / 3.80 m
Internal Width Max 18’6” / 5.64 m
Depth 63’11”/18.91 m
Area 988 sq ft /91.80 sq m
Ceiling Height 11’5” / 3.54 m

Agents View - Situated on the edge of the town centre in a busy one-way thoroughfare leading to the retail centre approximately one third of a mile away. Within the immediate vicinity are a variety of local retailers, as well as mini cab taxi office, the Samuel Peto (Wetherspoons), Masonic Hall, the town's Library and an amusement arcade. The recently upgraded Payers Park, and Shellon's Street open pay and display and Lidl's car parks are in close proximity. The premises comprise the ground floor of this recently restored 3 storey building, benefiting from private entrance and emergency exit, shared with the entrance hallway serving the flats above. **The premises would also be suitable for storage purposes subject to all necessary consents. Folkestone is located on the south east coast of Kent and has a population of around 50,000. Excellent communications to Europe are provided by the Eurotunnel terminal at Cheriton less than three miles distant and from the docks in Dover, approximately 8 miles via the M20 / A20 trunk road. London is accessed via the M20 or via the A2 / M2 from Dover.

Accommodation - The accommodation comprises (with approximate maximum measurements):- RETAIL Gross Frontage 16'11"/ 5.16 m Internal Width Min 12'6" / 3.80 m Internal Width Max 18'6" / 5.64 m Depth 63'11"/18.91 m Area 988 sq ft /91.80 sq m W.C.

Use - We understand that the existing planning use of the property is within A1 of the Use Classes Order, but applicants should satisfy themselves as to the planning use with Shepway District Council (01303 850388). *It is considered that the property may offer potential for a variety of uses subject to all the necessary consents being obtainable. Interested applicants are advised to make their own enquiries with the local planning authority. The Shepway District Council 01303 853000.

For Sale - We are instructed by our client to ask £60,000 for the long/ 999 leasehold interest of the premises including a share of the company holding the freehold to the building.

May Let - A new business tenancy / lease may be available for a term of years to be agreed with upward only rent reviews at 3 yearly intervals at an asking rent of £6,000 per annum, exclusive of Business Rates, payable quarterly in advance on the usual quarter days. Interest will be payable on any rent becoming more than 14 days overdue. The tenant will be responsible for internal and shop front repairs and decorations and re-imbursing the landlord with insurance premium paid and a contribution towards the maintenance and upkeep of the building.

Legal Costs - Sale - Each party to be responsible for their own legal costs. Lease - The incoming lessee is to be responsible for the landlord's reasonable legal costs in the granting of the lease.

Viewing - For an appointment to view please contact Colin Greenstreet or Ashley Edwards on 01303 854120 (Option 3)

Business Rates - Shepway District Council 01303 853000 verbally advise that: Rateable Value - £4,450.00. The rate in the pound for the financial year 2013/2014 is 48.2p. and 46.2 small Equivalent Rates Payable - £2,144.90. This property may qualify for small business rate relief.

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