Description
Motis Estates are proud to offer a Freehold Commercial Shop with Upper Parts of 3 flats that have been sold on one lease and benefit from a Ground Rent investment on Sandgate Road opposite KFC and Savers in the centre of Folkestone. There are a number of Estate Agents, Barbers and other retail stores within the vicinity. There is good parking for customers on the street outside the shop for 2 hours.
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 01303 212020
Featured professionals
Contact us via [email protected]
