A Pair of Mid Terrace Buildings Arranged to Provide a Lower Ground and Ground Floor Double Fronted Shop Let for £11,500 Per Annum and 2 x Vacant First, Second and Third Floor Three Bedroom Split Level Flats. Offered with Planning Permission to Convert the Upper Floors to Four Flats (1 x One Bedroom, 3 x Two Bedrooms) (Works have Commenced).

The property comprises a pair of terraced buildings arranged to provide a lower ground and ground floor double fronted shop and 2 x first, second and third floor three bedroom split level flats.

Tenure

Freehold

By Order of the LPA Receivers

Location

The property is situated on a pedestrianised road close to local shops and amenities. Nearby multiples include Card Factory, Waterstone's and Thomas Cook. The open spaces of Folkestone Beach are within easy reach. Transport links are provided by Folkestone Central rail station.

Planning

Folkestone & Hythe District Council granted the following planning permission (ref: 20/1642/FH) on 8th March 2021: 'Change of use of rear rooms, upper floors, and outbuildings to provide 1no. 1-bed residential flat and 3no. 2-bed residential flats; and erection of rear dormer window above no.5. (Ground floor commercial use to remain)'. The vendor has advised that works have commenced.

Tenancy

The shop is subject to a lease for a term of 3 years commencing 25th December 2016 (holding over) at a rent of £958.33 per calendar month.

Energy Efficiency Rating (EPC)

Current Rating D

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 £1,800 inc VAT

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