Shop for sale
Property description & features
- Mixed Use
- Retail, Residential and Garages
- Freehold Title
- £22,980 per annum
- 6.57% Yield
Situated on the High Street, there are numerous retail outlets such as WH Smiths, Boots, Iceland and several independent shops all in the vicinity in the picturesque Cinque Port Town of Hythe, approximately 4 miles from the Channel Tunnel terminal and Folkestone. The town centre offers a range of Multiple Retailers and banks and enjoys a wide variety of retail outlets and businesses giving a good mixed trading environment. Sandling mainline railway station, the M20 motorway and Ports of Dover and Folkestone are also easily accessed by car.
The property is a Grade II Listed Building and has two separate shops on the ground floor with a single glazed frontage and a separate access to the flats on the first and second floor via the courtyard garden to the rear.
The ground floor shops benefit from LED strip Lighting with a plasterboard ceiling within the RHS and the LHS benefits from a suspended ceiling with LED panels. To the rear, there is a kitchen area and two w.c's, there is no w.c in the LHS.
The first floor flat is a 2 bedroom flat with a living room, bathroom and two bedrooms on one side of the corridor and a kitchen/dining room on the other side of the corridor accessed through the communal area.
The second floor flat is a 2 bedroom flat which benefits from a living room, kitchen, two bedrooms and a bathroom.
Both benefit from a gas central heating system and are in a good condition.
Accommodation:
LHS Shop - 20.3 sq m
RHS Shop - 55.5 sq m
FF Flat - 75 sq m
SFF Flat - 79 sq m
Garage 1
Garage 2
Energy Performance Certificate: The property has the following EPC ratings however as the property is Grade II listed, it may be exempt:
LHS Shop - Unknown
RHS Shop - 42 (B) valid until November 2031
FF Flat - 65 (D) valid until January 2032
SFF Flat - 70 (C) valid until January 2032
Services: Water, Gas, Drainage and Electric
Use: E Class
Income:
LHS Shop - £4,140.00 per annum
RHS Shop - £6,000.00 per annum
FF Flat - £5,760.00 per annum
SFF Flat - £6,360.00 per annum
Garage 1 - £720 per annum
Garage 2 - Vacant
Total: £22,980 per annum
Price: Offers in excess of £350,000 (no VAT)
Business Rates - Folkestone & Hythe District Council[use Contact Agent Button] verbally advise a Rateable Value of LHS - £5,700 and RHS of £9,800 therefore both are eligible under Small Business Rates Relief.
Viewing Strictly by appointment through Motis Estates Chartered Surveyors in Folkestone by calling[use Contact Agent Button] or e-mailing [use Contact Agent Button]
SUBJECT TO CONTRACT (This firm operates a Complaints Handling Procedure, details of which are available upon request).
Property information from this agent
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Energy Performance data and Internal floor area
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