70-72 Sandgate Road Folkestone Kent CT20 2AA

70-72 Sandgate Road
Folkestone
Kent
CT20 2AA

Freehold Bank Investment

  • Entirely let to Halifax Limited until 2021 (no breaks)
  • Important and established English Channel Port
  • Prominent town centre location
  • Nearby occupiers include Debenhams, Superdrug, WH Smith, NatWest and Barclays Banks
  • Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>
  • Lot
    34
  • Auction
    11th December 2014
  • Rent
    £75,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £850,000
  • Sector
    Bank
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
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  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Bank Investment

  • Entirely let to Halifax Limited until 2021 (no breaks)
  • Important and established English Channel Port
  • Prominent town centre location
  • Nearby occupiers include Debenhams, Superdrug, WH Smith, NatWest and Barclays Banks
  • Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>
  • Lot 34
  • Auction 11th December 2014
  • Rent
  • Status Sold
  • Price £850,000
  • Sector
    Bank
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
7 miles south-west of Dover
15 miles south-east of Ashford
Roads
M20 (Junction 13), A259, A20
Rail
Folkestone Central Rail Station, Folkestone International (Eurotunnel) Station
Air
London Gatwick Airport
Situation

Folkestone is an established English Channel port located on the south Kent coast. The town benefits from a new high speed railway line between London St Pancras and Folkestone Central and the terminus of the Eurotunnel is located two miles north-west of the town centre. The property is prominently situated on the north side of Sandgate Road close to its junction with Bouverie Place and West Terrace.
Nearby occupiers include Debenhams, Superdrug, WH Smith, NatWest and Barclays Banks. The property further benefits from being close to the Bouverie Place Shopping Centre with retailers including Primark, TK Maxx, The Body Shop and Next.

Tenure

Freehold.

Location
Miles
7 miles south-west of Dover
15 miles south-east of Ashford
Roads
M20 (Junction 13), A259, A20
Rail
Folkestone Central Rail Station, Folkestone International (Eurotunnel) Station
Air
London Gatwick Airport
Situation

Folkestone is an established English Channel port located on the south Kent coast. The town benefits from a new high speed railway line between London St Pancras and Folkestone Central and the terminus of the Eurotunnel is located two miles north-west of the town centre. The property is prominently situated on the north side of Sandgate Road close to its junction with Bouverie Place and West Terrace.
Nearby occupiers include Debenhams, Superdrug, WH Smith, NatWest and Barclays Banks. The property further benefits from being close to the Bouverie Place Shopping Centre with retailers including Primark, TK Maxx, The Body Shop and Next.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors. Additionally, the property benefits from customer meeting rooms on part of the first floor and further ancillary accommodation in the basement.

Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors. Additionally, the property benefits from customer meeting rooms on part of the first floor and further ancillary accommodation in the basement.

Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Basement
Ground
First
Second
Ancillary
Banking Hall
Office/Ancillary
Office/Ancillary
193.00 sq m
197.00 sq m
165.00 sq m
34.00 sq m
(2,077 sq ft)
(2,120 sq ft)
(1,776 sq ft)
(366 sq ft)
HALIFAX LIMITED (1) 15 years from 03/10/2006 until 2021 on a full repairing and insuring lease £75,000 03/10/2016
Totals  
589.00 sq m
(6,339 sq ft)
    £75,000

(1) Halifax Limited (formerly Halifax plc) was established in 1852 and currently trades from approximately 800 branches in the UK and are
ultimately owned by Lloyds Banking Group plc (www.halifax.co.uk 10/11/2014).

Property Documents

  • Site Plan
    Updated Date
    18.11.14
    File Size
    102 KB
    View PDF
  • Catalogue Page
    Updated Date
    18.11.14
    File Size
    592 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Sylvester Amiel Lewin & Horne LLP Pearl Assurance House, 319 Ballards Lane
Finchley
London
N12 8LY
Bruce Lewin 0208 446 4000brucelewin@sylvam.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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