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Commercial Property for sale

Cheriton Road, Folkestone

Sold STCM £20,000

Property Description

Key features

  • Very Well regarded Business
  • Scope for Business Development
  • Close to Mainline Train Station
  • Convenient Location
  • Very Busy Arterial Road
  • Retail Area 318 sq ft / 29.56 sq m

Full description

*****SALE AGREED*****

ACCOMMODATION
The accommodation comprises (with approximate maximum measurements):-

Gross Frontage 19’6” / 5.95 m
Int. Width 18’2” / 5.55 m
Retail Depth 35’2” / 10.71 m
Area 318 sq ft / 29.56 sq m
Store 70 sq ft / 6.52 sq m
Washroom 75 sq ft / 6.99 sq m
Two W.C.s

Offers Are Invited In The Order Of £20,000 For The - This business is situated on a very busy thoroughfare of the town with a mixture of shops, banks, offices, dentists, schools and local churches within the locality. 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 nearby.

The owner, having created an attractive business, is now regrettably obliged to seek to sell due to health reasons.

ACCOMMODATION
The accommodation comprises (with approximate maximum measurements):-

RETAIL

Gross Frontage 196 / 5.95 m
Int. Width 182 / 5.55 m
Retail Depth 352 / 10.71 m
Area 318 sq ft / 29.56 sq m
Store 70 sq ft / 6.52 sq m
Washroom 75 sq ft / 6.99 sq m
Two W.C.s

BUSINESS
The business was established in September 2012, and the owner states that it is in profit on limited trading hours of 10am till 3pm Mon-Sat.

TERMS
PREMIUM
Offers are invited in the order of £20,000 for the business including the tenants Fixture and Fittings plus Stock at Valuation.

LEGAL COSTS
Purchaser to bear the vendors and landlords legal costs in the transactions.

LEASE
An effectively fully repairing and insuring lease of 3 years from 10th May 2012. The passing rent is £8,000 per annum exclusive.

BUSINESS RATES
From a search of the valuation offices website, we have established:
Rateable Value - £5,900.00.
The rate in the pound for the financial year 2015/2016 is 49.3p. 48.0 small
Equivalent Rates Payable - £2,908.70.

This property may qualify for small business rate relief. Contact Shepway District Council 01303 853000


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


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