£210,000
(£191.43/sq. ft)
Retail premises for saleSandgate Road, Folkestone CT20
1,097 sq. ft
Freehold
About this property
Town location
Close to bus station
Investment
7.75% yield
Detailed 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: Expired
Offers in the region of £210,000 (no VAT)
Viewings available with Motis Estates Chartered Surveyors in Folkestone via important notice from Motis Estates
Descriptions of the property are subjective and are used in good faith as an opinion and not as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
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: Expired
Offers in the region of £210,000 (no VAT)
Viewings available with Motis Estates Chartered Surveyors in Folkestone via important notice from Motis Estates
Descriptions of the property are subjective and are used in good faith as an opinion and not as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
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£1,050 per month
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