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Mixed Use for sale

Sandgate Road, Folkestone, Kent, CT20

Sold STCM £850,000

Property Description

Full description

High Street Location 
Close to Multiple traders
Four lock up Shops 
1st Floor Offices
3 Two Bedroomed Flats 
One Three Bedroomed Maisonette
5 Parking Spaces 
Communal Garden

A substantial group of properties comprising 4 shops, a first floor office suite, 3 x Two bedroomed flats, a 3 bedroom maisonette and 5 parking spaces. Situated on the south side of the high street, in a favoured trading location within Folkestone town centre and a conservation area, with a variety of retail users in the vicinity including multiples such as Sainsbury's, Pizza Hut, KFC and banks and building societies. On street parking is available outside the property and in the side roads for 1 hour in 3 and the pedestrianised section of Sandgate Road is approximately 175 yards/160 m to the East. There are several public car parks within the vicinity.

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):-

115 Sandgate Road
Retail Area 709 sq ft/65.86 sq m

1st FLOOR
Ancillary Area 591 sq ft/24.82 sq m

1st Floor Offices, 115 Sandgate Road
Offices 3 rooms 719 sq ft/66.75 sq m
Kitchen 62 sq ft/ 5.73 sq m
Outside
Rear Hardstanding with parking for up to 5 vehicles.

117 Sandgate Road
Ground Floor Sales Area 573 sq ft/53.21 sq m
Kitchen Area with sink 16 sq ft/ 1.48 sq m
1st Floor/Mezzanine
Office/Stockroom 100 sq ft/9.28 sq m
Under stairs store 57 sq ft/5.27 sq m

119 Sandgate Road
Ground Floor Sales (As arranged)
Area 776 sq ft/72.11 sq m
Upper Ground Floor
Area 790 sq ft/73.4 sq m
Store Room Area 215 sq ft/19.95 sq m
Mezzanine Level
Retail Area 493 sq ft/45.77 sq m

121 Sandgate Road
Ground Floor Sales 1,091 sq ft/101.4 sq m
Upper Ground Floor
Sales Area 341 sq ft/73.40 sq m
Ancillary 174 sq ft/16.16 sq m

113 Pleydell Gardens
Three Bedroomed Maisonette

115 Pleydell Gardens
Two Bedroomed Flat

Flat 1, 115a Pleydell Gardens
Two Bedroomed Flat

Flat 2, 115a Pleydell Gardens
Two Bedroomed Flat. Refurbished Vacant

NOTE
The residential accommodation is accessed via the rear of the property in Pleydell Gardens.

TENANCIES
Current Income 60,150 pa
rising to 75,200 pa 2016 and 96,700 pa
See schedule attached.

PRICE
OFFERS ARE INVITED for the freehold interest at a guide price of 800,000.

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

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.


BUSINESS RATES/ COUNCIL TAX
Shepway District Council 01303 853000 verbally advise:
The rate in the pound for the financial year 2016/2017 is 49.7p. 48.4p small
From a search of the Valuation Office Website we have identified.
No. Rateable Value Equivalent Rates
(2010) Payable
115 9,500 4,721.50
115 1st 5,600 2,783.20
117 11,250 5,591.25
119 18,250 9,070.25
121 16,250 8,076.25
Interested Parties are advised to confirm these figures with Shepway District Council.

Pleydell Gardens
No. Council Tax Payable
Band
113 B 1,300.90
115 A 1,115.05
Flat 1, 115a A 1,115.05
Flat 2, 115a A 1,115.05


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