Retail Property (High Street) in Folkstone
46 Sandgate Road, Folkstone, CT20 1DW
- Lot No: 90
- Property Type: Retail Property (High Street)
- Contract Type: Unconditional with Variable Fee
Guide Price* £680,000+ plus fees
The site is situated adjacent to high street chains Superdrug with Costa Coffee as a neighbour so a prime retail spot. The large vacant site nearby which was until last year a Debenhams store and has been purchased by the local council with plans to redevelop to smaller units, leisure facilities and a proposed health centre. It is currently being used a vaccination centre. The Bouverie Place Shopping Centre, Asda and parking are to the rear. The retail unit is a character property with a long term lease in place with a local Hospice charity. There are 3 years remaining on the current lease with a rental of £45,000 per annum. The planning permission for the residential conversion can be viewed at https://folkestonehythedc.force.com/pr/s/planning-application/a1n2o000002zpDhAAI/200177fh. The reference is 20/0177/FH Rateable Value is £42,250 There is currently significant investment being made in the town and the seafront area has a large development of luxury apartments being built almost on the beach.
Rights of Way, Wayleaves, Easements, Restrictive Covenants Etc.
The site is sold subject to or with the benefit of any Rights of Way, Wayleaves, Easements, Restrictive Covenants, which may exist whether mentioned in these particulars or not. For further information in relation to these matters please refer to the legal pack.
- Buyer’s Fee- payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property. Either:
Date 29th April 2021
Venue National Property Auction
The National Property Auction will be conducted behind closed doors by auctioneers Andrew Parker and Graham Penny. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.
If you have any questions, call our team on 0345 222 0197