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Shop to let in Folkestone

Sandgate Road, Folkestone, CT20 2HS
To rent
£36,000 p.a.

COMMON USE CLASS: A1 Shops

motis-estates
This property is marketed by:
Motis Estates

Key Features

  • Prime Location
  • Town Centre
  • Incentives
  • Large Basement
  • Good Footfall

Location

37 Sandgate Road is located within the prime area of Folkestone’s main pedestrian shopping parade opposite Boots and Job Centre Plus attracting a large amount of footfall.

Folkestone's shopping centre, Bouverie Place is within 100m with occupiers such as Primark, Asda, New Look, JD Sports and Sports Direct.

There are other national stores in the vicinity such as Bon Marche, Waterstone's and Costa as well as a number of restaurants and cafes. Folkestone is a conveniently located coastal Town that has train links via HS1 in under 1 hour to London St Pancras, the Channel Tunnel service to France and the port of Dover within 10 miles to the East.

Folkestone has a number of regeneration projects with the development of Folkestone Seafront with over 700 apartments and the town of Otterpool as a new Garden Town in the next 25 years. www.folkestoneseafront.com and www.otterpoolpark.org. The property is also 50 yards from the former Debenhams site which has been acquired by Folkestone & Hythe District Council for redevelopment.

Description

The subject property a commercial building totalling 295 sq m (3,174 sq ft) in the heart of Folkestone town centre. The subject property is a ground floor retail unit with basement ancillary accommodation of 96 sq m (1,032 sq ft). The unit provides open plan ground floor sales accommodation with storage at the rear. There is a stairwell access to the basement which is currently used for further storage and staff accommodation, this is accessed via the retail area. There is also the potential for first floor storage. The existing staircase has been removed however can be reinstated.

The premises are in a good condition with a suspended ceiling with LED lighting and carpet tilles within the retail area, the rear of the property benefits from storage space and an office, the basements consists of ancillary storage and w/c facilities. The property could be let as a shell if required.

Accommodation Approx. Net Internal Area

Retail: 192 sq m

Store: 7 sq m

Basement: 96 sq m

Total: 295 sq m (3,174 sq ft)

Floorplans available upon request.

Business Rates: We understand from the Valuation Office Agency that the property has a current Rateable Value of £37,750 effective from 16 March 2018. For 2022/23, the Government has set two multipliers: the Small Business Non-Domestic Rate Multiplier of 0.499p / £1.00 and the National Non-Domestic Rate Multiplier of 0.512p / £1.00.

Services: We understand mains drainage, water and electricity are connected to the premises.

Energy Performance Certificate: We note from the Non Domestic EPC Register, that the property has a rating of (99 - D) valid until 28th October 2023. For the full recommendation report, please enquire.

The premises are available on a new FRI lease at an annual rent of £36,000 per annum (plus VAT) for Year 1. The length of lease is negotiable.

Occupation available from 1st October 2022.

Service Charge and Building's Insurance to be payable by the tenant.

Deposit payable, the amount is to be confirmed dependent on tenant circumstance.

Legal Costs: Each party to pay their own legal costs.


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