Retail premises for sale

Guildhall Street, Folkestone CT20

Detailed Description

Motis Estates are proud to offer a mixed use investment in the hear of Folkestone Town Centre.

The property consists of a modern commercial shop unit in Guildhall Street let at £650 pcm and 4 Flats.

Situated within Folkestone town centre, with a variety of retail users in the vicinity including multiples such as Beauty Salons, Tea Rooms, Barbers and other independent businesses.

Parking is available near the premises for 1 hour in 3 and there are several public car parks including multi storeys within easy walking distance of the premises.

Income:

Shop: £650 pcm
Flat 1A (1 Bedroom) - Vacant - Potential £550 pcm
Flat 1 (1 Bedroom) - Let - £500 pcm
Flat 2 (2 Bedroom) - Let - £700 pcm
Flat 3 (2 Bedroom) - Let - £725 pcm

Potential Income: £3,125 pcm (£37,500 pa)

Services: Electricity and Mains Water are connected.

Energy Performance Certificate:

Flat 1,29 Guildhall Street, folkestone, CT20 1EB D 18 June 2033
Flat 1a, 29 Guildhall Street, folkestone, CT20 1EB C 6 July 2030
Flat 2,29 Guildhall Street, folkestone, CT20 1EB D 5 April 2033
Flat 3,29 Guildhall Street, folkestone, CT20 1EB C 31 March 2033

Shop - B (39) valid until December 2034.

Price: £625,000 (no VAT)

Main Photo is taken from Google Maps (2018)

Viewing Strictly by appointment through these offices.

Subject to contract (This firm operates a Complaints Handling Procedure, details of which are available upon request).

Please contact Kris Foster mrics on for further details.