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For Sale - Sandgate High Street, Sandgate, CT20 £399,950

3 Bedroom Flat  For Sale £399,950

Sandgate High Street, Sandgate, CT20

Prime Location

Ideal for Air BnB

Investment

Sea Views

3 Bedroom Flat and Restaurant

EPC Rating E

Freehold

Commercial unit and 3 bedroom flat with sea views.

Conveniently located in Sandgate High Street, the freehold property consists of a commericial ground floor unit which is currently occupied and a 3 bedroom flat with sea views on the first and second floor ideal for Air BnB. The property is situated within a convenience of local curio shops, independent restaurants and the beach in Sandgate with the nearby town of Folkestone being easily accessible. The local bus network runs services along the coast, whilst Folkestone Central provides a high speed train service into Central London as well as regional mainline rail links across Kent.

Folkestone has a number of regeneration projects with the development of Folkestone Seafront with over 700 apartments and the town of Otterpool as a new Garden Town in the next 25 years. www.folkestoneseafront.com and www.otterpoolpark.org

The property itself consits of a a 1431 sq ft ground floor restaurant with a basement. The property is fully tiled and has a commerical kitchen to the rear and a wood fired pizza oven. The basement is used for storage. The commercial element is let for £750 per calendar month for a term expiring on 10th January 2024 with the lease outside the provisions of the Landlord and Tenant Act 1954.

The first and second floor consits of a 3 bedroom flat which is accessed via a seperate entrance. The property has an open plan living room and kitchen with a separate w.c and third bedroom on the same floor. There is also a bathroom with a shower. The kitchen benefits from tiled flooring and has an island in the middle ideal for entertaining. There is laminate flooring throughout with a spiral staircase in the middle as the feature of the room. Externally, there is a veranda which has wooden decking and sea views over the English Channel.

The master and second bedroom are both accessed via the spiral staircase which is the centre piece of the property. It is felt the property is ideally laid out and situated for an Air BnB in the heart of Sandgate.

The property benefits from gas central heating and also UPVC double glazed windows.

Accommodation Approx. Net Internal Area

Basement: 54 sq m (581 sq ft)
Ground: 79 sq m (850 sq ft)

Residential: 111 sq m (1194 sq ft)

Business Rates: £6,600 Rateable Value with effect from 1st April 2023

Council Tax: B

Services: We understand mains drainage, water and electricity are connected to the premises.

Residential Energy Performance Certificate: 51 (E) valid until November 2023. Full EPC recommendation report and certificate available upon request.

Commercial Energy Performance Certificate: Pending

In England and Wales, under the new legislation, from 1st April 2018 any commercial property that has an EPC of lower than an ‘E’ cannot be rented out to new tenants, or renew any existing tenancy contracts until at least an ‘E’ rating is obtained. From April 2023, MEES will apply to all existing commercial leases. The vendor is in the process of improving the EPC rating.

Tenure: Freehold

Price: The price is £399,950 (no VAT).

VAT: We understand that VAT is not applicable however we recommend you seek advice.

Legal Costs: Each party to pay their own legal costs.

Viewings Strictly by appointment through Motis Estates Commercial Agents in Folkestone - 01303 212020 or commercial@motis-estates.com.

VACANT POSSESSION UPON COMPLETION 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.

EPC for Sandgate High Street, Sandgate, CT20

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Please note: This is for illustrative purposes only. The above calculator should not be relied upon when making financial decisions. Please seek advice from a specialist financial provider.

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.