This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

Commercial Property for sale

Cheriton Place, Folkestone

Sold STC £89,950

Property Description

Key features

  • Town Centre Location
  • Busy One Way Thoroughfare
  • Attractive Frontage
  • Well Presented
  • Retail Area 395 sq ft/ 36.68 m2
  • Store Room 73 sq ft/ 6.82 m2

Full description

*** UNDER OFFER ***
Attractive Town Centre Lock-Up Shop/ Micro Pub
(468 sq ft/43.50 m2 - Current Income £7,000 pa till 9th October 2017)

For Sale: Asking Price £89,950 - *** UNDER OFFER ***

ACCOMMODATION

The accommodation benefits from high arched window s and double doors and comprises (with approximate maximum measurements):-

Front Retail Area
19’4”/5.89 m wide x 11’10”/3.61 m deep.
Rear Retail Area
13’1”/3.99 m wide x 11’/3.35m average depth. NB the walls have been lined
Staff / Store Room
6’10”/2.08m wide x 10’9”/3.28m deep. W.C.


ASKING PRICE
We are instructed by our client to ask £89,950 for the long leasehold interest of the premises.

COMMERIAL LEASE

The property is currently let under the terms of a law society lease dated 11th October 2017for a term of 5 years to expire 9th October 2017, at a passing rent of £7,000 per annum exclusive payable monthly.

Business Rates - From a search of the Valuation Office Website we have identified
Rateable Value - £5,100.00.
The rate in the pound for the financial year 2017/2018 is 46.6p small
Equivalent Rates Payable - £2,376.60 per annum
This property may qualify for small business rate relief. To seek to clarify applicants are advised to contact the local authority Shepway District Council on 01303 853000.

Use - We understand that the existing planning use of the property is within A4 of the Use Classes Order, but applicants should satisfy themselves as to the planning use with Shepway District Council (01303 850388).

Lease - The property is held under the terms of a long lease dated 29/9/1960 for a term of 999 years which is due to expire on 28/9/2959. It is understood that the ground rent is fixed at £5.00 per annum and the tenant is responsible to pay a 1/11th share of the maintenance and upkeep of the building as well as to contribute towards the insurance premiums paid in respect thereof.

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

Epc - Available upon request


More information from this agent

Map & Street View

Disclaimer - Property reference 26980609. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Fell Reynolds, Folkestone. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.