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Sandgate High Street, Folkestone, Kent, CT20

1,482 sq. ft. | £185,000

Property Description

Commercial information

  • 1,482 sq ft (137 sq m)

Full description

Long Established Trading Location 
Close to Beach
Well Equipped Premises 
Desirable Location
Retail Area 540 sq ft / 50.12 sq m 
Ancillary Areas 942 sq ft / 87.5 sq m

This property is situated on the level in this popular coastal village, on the seaward side of the charming Sandgate High Street which affords easy beach access. The premises have been used for the past 9 years or so as well-regarded hairdressers.

Sandgate is a very desirable predominantly residential area, known locally as "The Village" on the out skirts of Folkestone on the main coastal road to Hythe. Sandgate enjoys a variety of shops including: antique shops, a number of fashionable bars, restaurants and boutiques. On street parking is available one hour in three longer stay in the side roads. The locality also enjoys 2 free public car parks.

The town of Folkestone is under two miles away with a population of around 50,000 and from here there are also two mainline railway stations offering services to Ashford and London is within easy reach via the High Speed Rail link (St. Pancras) in 57 minutes. Access to Europe can be by Eurotunnel (3 miles away) or by ferry from Dover (8 miles away).


ACCOMMODATION:
The accommodation enjoys gas central heating, internal staircase and communal staircase to the basement and side road. The accommodation benefits from equipment suitable to the nature of the business and comprises (with approximate maximum measurements):-

GROUND FLOOR

Retail Area 540 sq ft / 50.12 sq m
Note (previously arranged as 33 cover restaurant) arranged as:
Kitchen/ Servery 312 sq ft / 28.99 sq m
Width 11'5" / 3.48m, Depth 24'0"/ 7.30m

Restaurant 228 sq ft / 21.18 sq m
Width 16'10"/ 5.13m, Depth 16'2"/ 5.93m

Prep / Store Room 84 sq ft / 7.84 sq m
Width 11'10"/ 3.62m, Depth 7'1"/ 2.16m
Disabled / Ladies and Gents W.C.'s
Cupboard 10 sq ft / 0.94 sq m

BASEMENT

Area 1 319 sq ft / 29.62 sq m
Out of which walk in cold store
56 sq ft / 5.20 sq m
Area 2 103 sq ft / 9.57 sq m
Area 3 43 sq ft / 4.03 sq m
Area 4 51 sq ft / 4.71 sq m
Area 5 93 sq ft / 8.60 sq m
Area 6 83 sq ft / 7.70 sq m
Hall 67 sq ft / 6.19 sq m
with shower off and stairs to ground floor with communal hall leading to Granville Road East .
Area 7 90 sq ft / 8.36 sq m

BUSINESS RATES
From a search of the VOA website we have established that:
Rateable Value - 6,400.00.
Shepway District Council 01303 850388 verbally advise that the rate in the pound for the financial year 2016/2017 is 49.7p. 48.4 small
Equivalent Rates Payable - 3.180.80
This property may qualify for small business rate relief.

LEASES
We understand from an old record that there are 3 flats in the building, sold on 99 years leases from 1988 at ground rents of 25 pa. We have not had sight of the leases which may contain ground rent review provisions.


ASKING PRICE
We are instructed by our clients to ask 185,000 for the Freehold interest of the premises including business fixtures and fittings and vacant possession of the commercial accommodation and subject to long leasehold interests in the 3 flats above.

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.

Each party is 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.

Ref.: C/shs,35-37/CG
Date: 19th September 2016

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