Commercial property for sale in Guildhall Street, Folkestone CT20

Strapline

Auction Sale - 24/09/2024

A prominent freehold 5 floor building, arranged as a barbers over the basement and ground floor, with a flat over the first, second and third floors. Investment/development opportunity (subject to requisite consents).

Description

Ground floor, basement and rear garden Approx. 1,360 sq ft. On the first and second floors there is a 3 bedroom flat.

Location

Located on Guildhall street, accessed of Shellons street. This property is in a popular, central high street location with a shopping centre close by. Folkestone has been recognised as an up and coming coastal destination

Transport

Folkestone Central- southeastern

Tenancy

Let to Messers Hassan and trades as a barbers, paying £9,000 per annum 5 year lease from 24 October 2017 expired 23 October 2022 and therefore is holding over. There is a rent deposit of £3,000 held. The unit is considered under let and erv is £10,000 p.a.

First and second floor 3 bedroom flat, let on an AST which expired 24 April 2022 and is therefore holding over on a periodic tenancy. Producing £7,800 per annum. This is believed to be underlet and the erv is considered in the region of £12,000 p.a.

Accommodation

Please note the approximate areas have been provided by the voa/Vendor and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.

Shop

Basement- Basement, WC

Ground Floor- Hair Dresser

Flat

First Floor- Kitchen, Living Room, WC

Second Floor- Two Bedrooms, Bathroom/WC

Loft Floor- One Bedroom