£185,000

Retail premises for sale

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£185,000

(£307.31/sq. ft)

Retail premises for sale

Cheriton Road, Cheriton CT19

602 sq. ft

Local area information

Property location

Nearby amenities

  • Folkestone West 0.1 miles
  • Morehall Primary 0.2 miles
  • The Harvey Grammar School 0.2 miles
  • Folkestone Central 0.8 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Investment
  • 15 Year Lease
Detailed Description

The property is situated in a very prominent position in Cheriton Road (B2064) in a parade of shops including Dominos with kfc, Morrisons and a number of independent retailers in close proximity. Parking is readily available outside the property with 1 hour bays and is free after 6pm.

The property is based in Cheriton within walking distance to Folkestone West train station which has direct links to London St Pancras within 56 minutes on HS1. The Port of Dover is approx. 9 miles east with links to the continent.

The property is let on a 15 year lease inside the 1954 act from May 2021 at an initial rent of £11,400 per annum increasing to £12,492 from Year 5 and to £13,500 from Year 10. There is a tenant only Break Clause on the 5th anniversary.

Retail: 50.60 sq m (544 sq ft)
Store/Kitchen: 5.36 sq m (57 sq ft)

Total: 55.96 sq m (602 sq ft)

Rateable Value: £12,750.00 (please contact Folkestone & Hythe District Council on for further details)

Services: Electricity and Mains Water are connected (No Gas)

Energy Performance Certificate: D (88)

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).

More information

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  1. Zoopla
  2. Commercial for sale
  3. Kent
  4. Folkestone
  5. Cheriton Road

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