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129 Canterbury Road, Folkestone, Kent, CT19

Offers Invited
Michael Parkes Surveyors Limited, Rochester
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SECTOR

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USE CLASSUse class orders: A2 Financial and Professional Services, C3 Dwelling Houses and Sui Generis

A2, C3, sui_generis_3

Key features

  • Let investment
  • Retail unit let until 11 Oct 2027
  • AST holding over
  • Opportunity for rental growth or owner occupation

Description

DESCRIPTION
A ground floor retail unit comprising retail area and back office with staff and customer WC.

First and second floor self contained residential flat above, accessed from the rear.

ACCOMMODATION
All measurements are approximate.

Retail unit: 31.2 sq m ITZA comprising retail area with small back office and 2 WC's
Flat: Comprising 3 bedrooms, bathroom, kitchen and lounge over 2 floors. Rear garden. GIA 83 sq m.

LEASES
Retail unit: let to Ladbrokes Betting & Gaming Ltd from 12 October 2022 to 11 October 2027 at a rent of £4780 per annum, on an internal repairing and insuring lease, which is within the provisions of the Landlord & Tenant Act 1954.
Flat: An Assured Shorthold Interest which is holding over at £10,200 per annum

Total rent roll is therefore £14,980 per annum.

OFFERS INVITED

129 Canterbury Road, Folkestone, Kent, CT19

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Folkestone Central Station0.7 miles
  • Folkestone West Station1.2 miles
  • Channel Tunnel Terminal Station2.3 miles

About Michael Parkes Surveyors Limited, Rochester

C6 Laser Quay Laser Quay, Culpeper Close, Medway City Estate, Rochester, Kent, England ME2 4HU

Established in 1985, we offer friendly, professional services for commercial property covering sales and lettings, valuation, property and lease management and planning. We also offer specialist services as Law of Property Act Receivers.

Our clients range from individuals and trusts to corporate occupiers and investors. We work with some of the largest financial institutions in the country as well as local landlords and tenants. We are committed to quality and professionalism. We have specialists who understand your needs and understand their markets so we can deliver what you require in a timely, clear fashion.

We deal with all types of commercial property – retail, offices, industrial, warehouses, residential development land, and leisure property (hotels, pubs, restaurants).

Our expertise covers the south-east of England - Kent, Sussex, Surrey, Essex and Greater London. We are proud to be a member firm of The Royal Institution of Chartered Surveyors who set exacting standards of professional conduct and service quality. The RICS is the foremost professional body for land and property in the UK.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 129Canterbury. 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 Michael Parkes Surveyors Limited, Rochester. 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.

Map data ©OpenStreetMap contributors.

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