Sandgate Road, Folkestone, CT20
- SIZE AVAILABLE
1,097 sq ft
102 sq m
- SECTOR
Shop for sale
Key features
- TOWN LOCATION
- CLOSE TO BUS STATION
- INVESTMENT
- 7.75% YIELD
Description
The ground floor property has the benefit of a 3.5 year lease remaining until 14th July 2029 at a current rent of £16,000 per annum There is no tenant break clause. A copy of the lease is available upon request. The upper parts are subject to three flats sold off on a long lease with a Ground Rent investment of £240.00 per annum.
The shop benefits from being under the threshold for Small Business Rates Relief and has a deposit of £3,500.00. 100% of the Buildings Insurance is recoverable from the tenants.
The Lease is outside the provisions of the Landlord and Tenant 1954 act.
USE: Any use within Class E of the Town and Country Planning Act (Use Classes) Order 1987.
From a search of the Valuation Office Website we have identified a Rateable Value of £10,250 with effect from 1st April 2026.
Energy Performance Certificate: C (65) valid until March 2036
Offers in the region of £210,000 (no VAT)
Viewings available with Motis Estates Chartered Surveyors in Folkestone via
IMPORTANT NOTICE FROM MOTIS ESTATES
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
Sandgate Road, Folkestone, CT20
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Folkestone Central Station0.5 miles
- Folkestone West Station1.2 miles
- Channel Tunnel Terminal Station2.4 miles
Notes
Disclaimer - Property reference MOTIS_009106. 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 Limited, 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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