Investment
15 Year Lease
EPC Rating A
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 01303 853000 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. 01303 212020 or commercial@motis-estates.com
SUBJECT TO CONTRACT (This firm operates a Complaints Handling Procedure, details of which are available upon request).
IMPORTANT NOTICE FROM MOTIS ESTATES
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
