A Mixed Use Building Arranged to Provide a Ground Floor Shop (Let to Coral Bookmakers) and a First and Second Floor Three Bedroom Split Level Flat Fully Let Producing £14,080 Per Annum

The property comprises a mixed use building arranged to provide a ground floor shop and a first and second floor three bedroom split level flat.

Tenure

Freehold

Location

The property is situated on a mixed use road close to local shops and amenities. The open spaces of Sunny Sands Beach are within easy reach. Transport links are provided by Folkestone Central rail station.

Accommodation

Ground Floor Retail Unit First Floor Kitchen/Diner Reception Room Two Bedrooms Bathroom Second Floor Bedroom

Tenancy

The shop is let to Coral Bookmakers expiring 10th October 2027 at a rent of £4,780 per annum. The flat is subject to an Assured Shorthold Tenancy at a rent of £9,300 per annum (holding over) We are advised by the vendor that the properties are underlet and that there may be scope to increase the rents.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.