Retail premises for sale in Black Bull Road, Folkestone CT19

Mixed Use Commercial Investment Opportunity!

Ground Floor Retail Shop, One Bedroom Flat and Two Bedroom Flat! Combined income of £1,900 per calendar month!

Miles and Barr Commercial are delighted to be assisting with the freehold sale of this mixed use property on the popular Black Bull Road.

The property comprises of a ground floor commercial shop currently occupied by a barbers on a twenty year lease starting in December 2019. The current passing rent is £500pcm with the rent review due in 2029.

Accessed via the side gate, there is a two bedroom residential flat on the first floor. The flat is well presented and is home to a long term tenant currently paying £750pcm.

To the rear of the property, again accessed via the side gate there is a one bedroom ground floor flat. The tenant of this flat also has use of the rear garden area. The passing rent on this flat is currently £650pcm.

Contact Miles and Barr to arrange your viewing today!

Identification checks

Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service to verify your identity. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances

Location

Fast becoming a sought after place to be, Folkestone has seen much regeneration over the past few years, with much more planned going forward, especially surrounding the town centre and Harbour. Folkestone has a large array of shops, boutiques and restaurants as well as many hotels and tourist attractions. Folkestone is fortunate to have two High Speed Rail links to London, both offering a London commute in under an hour. There are great transport links to surrounding towns and cities and easy access to the continent too. With so much going on and with the future bright, Folkestone is an excellent location to both live and invest in.

Ground Floor Shop Area (5.0m x 6.1m)

Flat One Kitchen (4.8m x 2.1m)

Flat One Bedroom (4.7m x 2.7m)

Flat One Bathroom (2.2m x 1.9m)

Flat One Bedroom Two (3.2m x 4.9m)

Flat One Lounge (3.6m x 5.0m)

Flat Two Kitchen (2.6m x 0.5m)

Flat Two Lounge/Dining Room (4.7m x 2.7m)

Flat Two Bathroom (2.3m x 1.9m)

Flat Two Bedroom (2.7m x 5.2m)