£275,000
(£140.16/sq. ft)
Retail premises for saleGuildhall Street, Folkestone CT20
1,962 sq. ft
About this property
6.5% Yield
Mixed Use
Seperate Entrance
Detailed Description
Motis Estates are proud to advertise a prominent shop and three bedroom flat situated in the heart of Folkestone Town Centre in Guildhall Street with fantastic connections to local transport links, and Folkestone Central, taking you to London in less than an hour. The property is close to the main through flow to the Folkestone Harbour Arm with more than 100,000 visitors a year.
Situated in a good trading location within Folkestone town centre, with a variety of retail users in the vicinity including multiples such as beauty salons, barbers, coffee shops and restaurants. Folkestone Cinema is within 50m.
On street parking is available outside the premises for free after 6pm there are several public car parks including multi storeys within easy walking distance of the premises.
The property benefits from being in a good condition with a plasterboard ceiling with spotlights, there is laminate flooring throughout. There is also a basement ideal for storage.
The property comprises the following:
A five storey building. Ground floor, basement and rear garden Approx. 811 sq ft. (75.4 sq m) On the first and second floors there is a 3 bedroom flat of 1151 sq ft. (107 sq m)
Flat
First Floor- Kitchen, Living Room, Bathroom
Second Floor- Two Bedrooms,
Loft Floor- One Bedroom
The basement and ground floor commercial shop is let on an agreement expiring in April 2027 at a rent of £550 pcm
The first and second floor is let on a standard AST at a rent of £950 pcm from February 2025.
Total Rent: £1,500 pcm (£18,000 per annum)
Yield: 6.5% Gross.
Rent Deposit: The standard 5 weeks is held for the residential tenant and £1,100 for the commercial tenant.
Use: E Use Class
Energy Performance Certificate: Flat: 53 (E) valid until January 2026 - Full EPC available upon request.
Shop: 81 (D) valid until August 2029 - Full EPC available upon request.
Services: Water, Drainage and Electricity
Rateable Value: £4,450 (Folkestone and Hythe District Council (2025/2026). Small Business Rates Relief eligible.
Council Tax: B
Viewing Strictly by appointment through Motis Estates Chartered Surveyors in Folkestone. Or
subject to contract (This firm operates a Complaints Handling Procedure, details of which are available upon request).
Motis Estates are proud to advertise a prominent shop and three bedroom flat situated in the heart of Folkestone Town Centre in Guildhall Street with fantastic connections to local transport links, and Folkestone Central, taking you to London in less than an hour. The property is close to the main through flow to the Folkestone Harbour Arm with more than 100,000 visitors a year.
Situated in a good trading location within Folkestone town centre, with a variety of retail users in the vicinity including multiples such as beauty salons, barbers, coffee shops and restaurants. Folkestone Cinema is within 50m.
On street parking is available outside the premises for free after 6pm there are several public car parks including multi storeys within easy walking distance of the premises.
The property benefits from being in a good condition with a plasterboard ceiling with spotlights, there is laminate flooring throughout. There is also a basement ideal for storage.
The property comprises the following:
A five storey building. Ground floor, basement and rear garden Approx. 811 sq ft. (75.4 sq m) On the first and second floors there is a 3 bedroom flat of 1151 sq ft. (107 sq m)
Flat
First Floor- Kitchen, Living Room, Bathroom
Second Floor- Two Bedrooms,
Loft Floor- One Bedroom
The basement and ground floor commercial shop is let on an agreement expiring in April 2027 at a rent of £550 pcm
The first and second floor is let on a standard AST at a rent of £950 pcm from February 2025.
Total Rent: £1,500 pcm (£18,000 per annum)
Yield: 6.5% Gross.
Rent Deposit: The standard 5 weeks is held for the residential tenant and £1,100 for the commercial tenant.
Use: E Use Class
Energy Performance Certificate: Flat: 53 (E) valid until January 2026 - Full EPC available upon request.
Shop: 81 (D) valid until August 2029 - Full EPC available upon request.
Services: Water, Drainage and Electricity
Rateable Value: £4,450 (Folkestone and Hythe District Council (2025/2026). Small Business Rates Relief eligible.
Council Tax: B
Viewing Strictly by appointment through Motis Estates Chartered Surveyors in Folkestone. Or
subject to contract (This firm operates a Complaints Handling Procedure, details of which are available upon request).
.png){kind=logo}