Retail premises for sale in Sandgate Road, Folkestone CT20

Investment Consideration:
Vacant possession
erv: £30,000 p.a. Giy: 10.00%
VAT is applicable to this property
Comprises large retail premises at ground floor with ancillary accommodation at basement
Total net internal area 364.50 sq m (3,923 sq ft)
Suitable for variety of uses (Class E)
Located on pedestrianised street in the heart of the town centre with occupiers nearby including Costa Coffee, HSBC, Waterstones, Superdrug, Shoe Zone and many more.

Property Description:
The property comprises large ground floor retail premises with ancillary accommodation at basement, providing the following accommodation and dimensions:
Ground Floor Retail: 277.50 sq m (2,987 sq ft)
Basement: Ancillary 87.00 sq m (936 sq ft)
Total NIA: 364.50 sq m (3,923 sq ft)

Tenancy:
The property is at present vacant. Erv £30,000 p.a.

Tenure:
Leasehold. To be held on a 999 Year Lease from completion at a ground rent of peppercorn.

Location:
Folkestone is a port town on the English Channel, in Kent, south-east England. The town is located at the eastern end of the M20 which provides fast access to Ashford, Maidstone, London and also to the M25. Stagecoach in East Kent operates local buses from the town. National Express runs coaches to Ashford, Dover, Hythe, Maidstone and London. The property is located on pedestrianised street in the heart of the town centre with occupiers nearby including Costa Coffee, HSBC, Waterstones, Superdrug, Shoe Zone and many more.