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4 bedroom retail property (high street) for sale

Cheriton High Street, Folkestone, Kent, CT19

Sold STCM £225,000
879 sq. ft.

Property Description

Commercial information

  • 879 sq ft (81 sq m)

Key features

  • Busy High Street Location
  • Well Established Trading Location
  • Retail Area 746 sq ft / 69.32 sq m
  • Ancillary 133 sq ft / 12.39 sq m
  • Upper Parts: Two x Former 2 Bedroomed Maisonettes

Full description

Tenure: Freehold

Double Fronted Shop with spacious upper parts -
(Former Living Accommodations), rear Garden and Garage and Development Potential
(879 sq ft /81.66 sq m)

For Sale 225,000 Freehold


 Busy High Street Location  Well Established Trading Location
 Internal Width 18'9" / 5.71 m  Retail Depth 26' 3" / 8.01 m
 Retail Area 746 sq ft / 69.32 sq m  Ancillary 133 sq ft / 12.39 sq m
 Upper Parts: Two x Former 2 Bedroomed Maisonettes

Situated in the very busy Cheriton High Street with a mixture of shops, banks, offices, dentists, schools and local churches. The premises are close to a local bus stop with frequent services to Folkestone centre, Canterbury and beyond and the mainline railway station at Folkestone West is approx. a mile to the East.

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 which originally comprised two lock up shops with 2 bedroomed living accommodation is arranged as follows (with approximate maximum measurements):-

GROUND FLOOR
Retail Area 746 sq ft / 69.32 sq m
Width 30'3" / 9.22m
Depth 26'3" / 8.01m
Store 1 57 sq ft / 5.31 sq m
7'4" x 8'1" / 2.25m x 2.46m
W.C.
Store 2 76 sq ft / 7.08 sq m
6'9" x 11'4" / 2.05m x 3.45 m

FIRST FLOOR
Room 1 Kit. 12' 6" x 8'10" / 3.82m x 2.71m
Room 2 14'11"x 13'1" / 4.56 m x 3.98m
Room 3 14' 8"x 13'0" / 4.47 m x 3.96m
Room 4 12' 6" x 8'11" / 3.82m x 2.73m

SECOND FLOOR
Room 5 12'7" x 8'11" / 3.83m x 2.72m
Room 6 15'0" x 13'5" / 4.57 m x 4.09m
Room 7 14'8" x 13'3" / 4.46 m x 4.03m
Room 8 12' 6" x 8'8" / 3.82m x 2.63m

OUTSIDE
Rear Garden with double gates & large garage

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 conversion or part conversion (into 2 flats), subject to all the necessary consents being obtainable. Interested applicants are advised to make their own enquiries with the local planning authority, Shepway District Council 01303 853000

ASKING PRICE
We are instructed by our clients to ask 225,000 for the Freehold interest of the premises with vacant possession.

EPC Awaited

LEGAL COSTS
Each party to be responsible for their own legal costs.

BUSINESS RATES
From a search of the Valuation Office Website we have identified
Rateable Value - 11,750.00.
The rate in the pound for the financial year 2016/2017 is 49.7p. 48.4p small
Equivalent Rates Payable - 5,839.75 per annum
This property may qualify for small business rate relief.

VIEWING
STRICTLY BY PRIOR APPOINTMENT
For an appointment to view please contact Colin Greenstreet or Vicky Sodhi on 01303 854120 (Option 3) or Email: commercial@fellreynolds.com

Chartered Surveyors: As Chartered Surveyors, we are able and experienced to carry out valuations of all types and also to prepare for clients RICS House Buyers Reports or Building Surveys.

Note
Services We have not tested the equipment, appliances and services in this property. Interested applicants are advised to commission the appropriate investigation before proceeding.

VAT Unless otherwise stated all prices/rents are quoted exclusive of Value Added Tax. Any intending purchaser/lessee should satisfy themselves independently as to the incidences of VAT prior to any transaction.

Legal Costs Each party to be responsible for their own legal costs.

SUBJECT TO CONTRACT
Fell Reynolds is the trading name of Estate Services (South East) LLP and for themselves and for the vendors or lessors of this property whose agents they are, give notice that:- 1) the particulars are set out as a general outline only for the guidance of introducing purchasers or lessees and do not constitute any part of an offer or contract. 2) all descriptions, dimensions, references to conditions and necessary permissions for use and occupation and other particulars are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the corrections of each of them. 3) no person in the employment of Estate Services (South East) LLP t/a Fell Reynolds has any authority to make or give any representation or warranty whatever in relation to this property.


Date: 15th August 2016
Ref.: C/chs,79-81/CG


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