Retail premises for sale in High Street, Hythe CT21

Detailed Description

Guide price £140,000-£160,000. Freehold Investment with the 3 Flats Above sold on 999 year leases.

The property being offered to the market is a commercial shop let at £800pcm increasing to £900pcm in March 2024 as an investment at 7.71% yield.

The property is situated in a prominent position in Hythe High Street. Hythe High Street is predominately retail shopping, restaurants, banks and building societies with a number of offices and residential properties above. There are a number of pay and display car parks in the vicinity. Hythe is approx. 4 miles from Folkestone which has direct links to London St Pancras within 56 minutes on HS1. The Port of Dover is approx. 13 miles east with links to the continent.

The ground floor is a commercial shop which is approx 30 sq m of ground floor space which is currently leased on a Fri lease.

Tenancies
Commercial - The property is let on a 3 year lease from March 2023 at a rent of £800pcm with a rental increase in March 2024 to £900pcm. Full lease available upon request.

Use: E Use Class

Energy Performance Certificate: 54 (C) - Full EPC available upon request valid until April 2031.

Rateable Value: To Be Advised

Viewing Strictly by appointment through Motis Estates Chartered Surveyors in Folkestone. Or

subject to contract (This firm operates a Complaints Handling Procedure, details of which are available upon request).