Property photos
Guide price
£120,000
Property for sale
Cheriton High Street, Folkestone CT19Local area information
Property location
Nearby amenities
- All Souls' Church of England Primary School 0.1 miles
- Morehall Primary 0.3 miles
- Folkestone West 0.5 miles
- Folkestone Central 1.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- 7% Return
- Commercial Investment
- Freehold Purchase
- Prime Location
- EPC - D
Freehold Commercial Investment in Prominent Corner Location
Miles and Barr Commercial are delighted to be assisting with the marketing of this commercial investment situated on Cheriton High Street.
The property comprises of a ground floor takeaway Restaurant, with the upstairs residential sold on a long lease. The property has a large main sales area, a rear kitchenette and preparation room.
The Ground floor is currently let for £9,000pa from the 11th May 2021 for a period of 10 years. There is a rent review set for the mid term of the lease. The residential flat pays £100pa in ground rent as a contribution.
Viewings strictly by appointment only.
Identification checks
Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service to verify your identity. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.
Location
Fast becoming a sought after place to be, Folkestone has seen much regeneration over the past few years, with much more planned going forward, especially surrounding the town centre and Harbour. Folkestone has a large array of shops, boutiques and restaurants as well as many hotels and tourist attractions. Folkestone is fortunate to have two High Speed Rail links to London, both offering a London commute in under an hour. There are great transport links to surrounding towns and cities and easy access to the continent too. With so much going on and with the future bright, Folkestone is an excellent location to both live and invest in.
Reail Service Area (5.2m x 6.1m)
Rear Storage Area (2.6m x 3.8m)
Kitchen Area (4.2m x 2.9m)
Miles and Barr Commercial are delighted to be assisting with the marketing of this commercial investment situated on Cheriton High Street.
The property comprises of a ground floor takeaway Restaurant, with the upstairs residential sold on a long lease. The property has a large main sales area, a rear kitchenette and preparation room.
The Ground floor is currently let for £9,000pa from the 11th May 2021 for a period of 10 years. There is a rent review set for the mid term of the lease. The residential flat pays £100pa in ground rent as a contribution.
Viewings strictly by appointment only.
Identification checks
Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service to verify your identity. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.
Location
Fast becoming a sought after place to be, Folkestone has seen much regeneration over the past few years, with much more planned going forward, especially surrounding the town centre and Harbour. Folkestone has a large array of shops, boutiques and restaurants as well as many hotels and tourist attractions. Folkestone is fortunate to have two High Speed Rail links to London, both offering a London commute in under an hour. There are great transport links to surrounding towns and cities and easy access to the continent too. With so much going on and with the future bright, Folkestone is an excellent location to both live and invest in.
Reail Service Area (5.2m x 6.1m)
Rear Storage Area (2.6m x 3.8m)
Kitchen Area (4.2m x 2.9m)
More information
Listed by
Miles & Barr - Commercial
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