Studio for sale

Guildhall Street, Folkestone CT20

Detailed Description

Motis Estates are proud to advertise a prominent shop and three bedroom flat situated in the heart of Folkestone Town Centre in Guildhall Street with fantastic connections to local transport links, and Folkestone Central, taking you to London in less than an hour. The property is close to the main through flow to the Folkestone Harbour Arm with more than 100,000 visitors a year.

Situated in a good trading location within Folkestone town centre, with a variety of retail users in the vicinity including multiples such as beauty salons, barbers, coffee shops and restaurants. Folkestone Cinema is within 50m.

On street parking is available outside the premises for free after 6pm there are several public car parks including multi storeys within easy walking distance of the premises.

The property benefits from being in a good condition with a plasterboard ceiling with spotlights and hanging lights. There is laminate flooring throughout. There is a good sized waiting area at the rear and a w.c on the first floor. There is also a basement ideal for storage which is being used by the vendor.

The property comprises the following:

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

The basement and ground floor commercial shop is let on an agreement expiring 31st January 2027 at a rent of £900.00pcm from 1st August 2025.

The first and second floor is let on a standard AST from 1st April 2025 at a rent of £1,200pcm.

Total Rent: £2,100pcm (£25,200 per annum)

Yield: 7.4% Gross.

Rent Deposit: The standard 5 weeks is held for the residential tenant and £3,000 for the commercial tenant.

Use: E Use Class

Energy Performance Certificate: 56 (C) valid until April 2031 - Full EPC available upon request.

Services: Water, Drainage and Electricity

Rateable Value: £5,300 (Folkestone and Hythe District Council (2025/2026). Small Business Rates Relief eligible.

Council Tax: B

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).