No longer on the market
This property is no longer on the market
MapProperty
Sold STC
Property
2 beds
Features and description
- Prime Location
- 2 x 1 Bedroom Flats
- Investment
- Mixed Use
Commercial unit and 2 x 1 bedroom flats - Freehold.
Conveniently located in Sandgate High Street, the freehold property consists of a commericial ground floor unit which is currently occupied and 2 x 1 bedroom flats. The property is situated within a convenience of local curio shops, independent restaurants and the beach in Sandgate with the nearby town of Folkestone being easily accessible. The local bus network runs services along the coast, whilst Folkestone Central provides a high speed train service into Central London as well as regional mainline rail links across Kent.
Folkestone has a number of regeneration projects with the development of Folkestone Seafront with over 700 apartments and the town of Otterpool as a new Garden Town in the next 25 years. and
The property itself consits of a a 646 sq ft ground floor commercial property occupied as a micropub. A new 5 year lease has been agreed from 2023 at an initial rent of £6,200 per annum. The property is fully fitted as a bar with a kitchen to the rear and an undercover external storage area.
The first and second floor consits of two x 1 bedroom flats which are accessed via a seperate entrance. Flat 1 has an open plan living room and kitchen wiith a large bedroom and bathroom to the rear. Flat 2 has a living room and a seperate kitchen with a large bedroom and bathroom to the rear.
The property benefits from gas central heating and also UPVC double glazed windows.
Flat 1 is currently rented at £520 per calendar month.
Flat 2 is currently rented at £520 per calendar month.
Total: £18,680 per annum.
Business Rates: £5,500 Rateable Value with effect from 1st April 2023
Council Tax (Flats): A
Services: We understand mains drainage, water and electricity are connected to the premises.
Residential Energy Performance Certificate: Pending
Commercial Energy Performance Certificate: Pending
In England and Wales, under the new legislation, from 1st April 2018 any commercial property that has an EPC of lower than an ‘E’ cannot be rented out to new tenants, or renew any existing tenancy contracts until at least an ‘E’ rating is obtained. From April 2023, MEES will apply to all existing commercial leases. The vendor is in the process of improving the EPC rating.
Tenure: Freehold
Price: The price is £290,000 (no VAT).
VAT: We understand that VAT is not applicable however we recommend you seek advice.
Legal Costs: Each party to pay their own legal costs.
Viewings Strictly by appointment through Motis Estates Commercial Agents in Folkestone -[use Contact Agent Button] or [use Contact Agent Button]
SUBJECT TO CONTRACT (This firm operates a Complaints Handling Procedure, details of which are available upon request).
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.
Conveniently located in Sandgate High Street, the freehold property consists of a commericial ground floor unit which is currently occupied and 2 x 1 bedroom flats. The property is situated within a convenience of local curio shops, independent restaurants and the beach in Sandgate with the nearby town of Folkestone being easily accessible. The local bus network runs services along the coast, whilst Folkestone Central provides a high speed train service into Central London as well as regional mainline rail links across Kent.
Folkestone has a number of regeneration projects with the development of Folkestone Seafront with over 700 apartments and the town of Otterpool as a new Garden Town in the next 25 years. and
The property itself consits of a a 646 sq ft ground floor commercial property occupied as a micropub. A new 5 year lease has been agreed from 2023 at an initial rent of £6,200 per annum. The property is fully fitted as a bar with a kitchen to the rear and an undercover external storage area.
The first and second floor consits of two x 1 bedroom flats which are accessed via a seperate entrance. Flat 1 has an open plan living room and kitchen wiith a large bedroom and bathroom to the rear. Flat 2 has a living room and a seperate kitchen with a large bedroom and bathroom to the rear.
The property benefits from gas central heating and also UPVC double glazed windows.
Flat 1 is currently rented at £520 per calendar month.
Flat 2 is currently rented at £520 per calendar month.
Total: £18,680 per annum.
Business Rates: £5,500 Rateable Value with effect from 1st April 2023
Council Tax (Flats): A
Services: We understand mains drainage, water and electricity are connected to the premises.
Residential Energy Performance Certificate: Pending
Commercial Energy Performance Certificate: Pending
In England and Wales, under the new legislation, from 1st April 2018 any commercial property that has an EPC of lower than an ‘E’ cannot be rented out to new tenants, or renew any existing tenancy contracts until at least an ‘E’ rating is obtained. From April 2023, MEES will apply to all existing commercial leases. The vendor is in the process of improving the EPC rating.
Tenure: Freehold
Price: The price is £290,000 (no VAT).
VAT: We understand that VAT is not applicable however we recommend you seek advice.
Legal Costs: Each party to pay their own legal costs.
Viewings Strictly by appointment through Motis Estates Commercial Agents in Folkestone -[use Contact Agent Button] or [use Contact Agent Button]
SUBJECT TO CONTRACT (This firm operates a Complaints Handling Procedure, details of which are available upon request).
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.
About this agent
Motis Estates - Folkestone
1-2 Motis Business Centre, Cheriton High Street
Folkestone
CT19 4QJ
01303 396784Motis Estates incorporating H. Wald & Co is independently owned and first opened for business in 1963, making it Folkestone’s longest established firm of Estate Agents and Chartered Surveyors. If you are looking for an estate agent with unrivalled local knowledge, wide experience and who can offer a highly professional service tailored to achieve the best possible price for your house, we are the right choice for you. We strive to be able to provide you a professional service but an affordable price. As a Lifestyle Agent, we aim to assist in all aspects of moving to Folkestone with recommendations from your mortgage broker, to removal company, to kitchen and bathroom specialists. As the team are all local to Folkestone and the surrounding area, we can also recommend independent restaurants, bars and music venues. We can offer: - Free no obligation advice - Free EPC - Free Floor plan - Free Photography We have just installed an interactive touch screen on our shop window so pop down to Sandgate Road to view all our properties 24/7.