George Lane, Folkestone, CT20
- PROPERTY TYPE
Flat
- SIZE
2,356 sq ft
219 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Description
Situated in a prime trading location within Folkestone town centre, with a variety of retail users in the vicinity including multiples such as beauty salons, barbers, coffee shops and restaurants. Folkestone's famous Old High Street is only 50 yards around the corner.
On street parking is available outside the premises for free after 6pm there are several public car parks including multi storeys within easy walking distance of the premises.
The property consists of a fully fitted restaurant with kitchen and equipment which is now closed but had been trading for a number of years. it is felt the commercial unit could be let at approx £12,000 per annum. There are 2 x 1 bedroom flats and a studio flat above the commercial unit.
The property comprises the following:
Restaurant: 107 sq m
Flat 1: 21 sq m
Flat 2: 32 sq m
Flat 3: 57 sq m
Total: 217 sq m (2356 sq ft)
Current Income:
Restaurant: Vacant
Flat 1: £375 PCM
Flat 2: £550 PCM
Flat 3: £525 PCM
Current Income: £1,450 PCM
Potenital Income: £2,450 PCM
Yield: Approx 8.5%
Use: E Use Class
Energy Performance Certificate:
57 (C) Full EPC available upon request (Restaurant)
73 (C) Full EPC available upon request (Flat 1)
71(C) Full EPC available upon request (Flat 2)
73 (C) Full EPC available upon request (Flat 3)
Services: Water, Gas, Drainage and Electricity
Rateable Value: £4,750 (Folkestone and Hythe District Council (2024/2025). Small Business Rates Relief eligible.
Council Tax: Band A for all three flats.
Viewing Strictly by appointment through Motis Estates Chartered Surveyors in Folkestone. or
SUBJECT TO CONTRACT (This firm operates a Complaints Handling Procedure, details of which are available upon request).
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
George Lane, Folkestone, CT20
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About Motis Estates, Folkestone
Suite 1-2 Motis Business Centre, Cheriton High Street, Folkestone, Kent, CT19 4QJ
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Visit our security centre to find out moreDisclaimer - Property reference MOTIS_006531. 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 Motis Estates, 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.
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