Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
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 Railway Station, Folkestone International (Eurotunnel) Station
Air
London Gatwick Airport
Situation
Folkestone is an established English Channel port located on the Kent coast. The town benefits from a high speed rail service from London St Pancras and the terminus of the Eurotunnel is located two miles north-west of the town centre. The property is prominently situated on the east side of pedestrianised Sandgate Road close to its junction with Bouverie Place and West Terrace. The property is directly opposite Debenhams with other nearby occupiers including 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 Railway Station, Folkestone International (Eurotunnel) Station
Air
London Gatwick Airport
Situation
Folkestone is an established English Channel port located on the Kent coast. The town benefits from a high speed rail service from London St Pancras and the terminus of the Eurotunnel is located two miles north-west of the town centre. The property is prominently situated on the east side of pedestrianised Sandgate Road close to its junction with Bouverie Place and West Terrace. The property is directly opposite Debenhams with other nearby occupiers including 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 retail unit with ancillary accommodation in the basement, self-contained office accommodation on the first floor and two self-contained two bedroom flats on the second and third floors.
Six Week Completion
Buyer's Legal 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 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 retail unit with ancillary accommodation in the basement, self-contained office accommodation on the first floor and two self-contained two bedroom flats on the second and third floors.
Six Week Completion
Buyer's Legal 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 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
Reversions
Basement Ground
Ancillary Retail
79.00 sq m 189.59 sq m
(850 sq ft) (2,041 sq ft)
THE WORKS STORES LIMITED (1)
10 years from 19/10/2009 (2)
£39,500
18/10/2019
First
Office
69.24 sq m
(745 sq ft)
J&J RECRUITMENT SOLUTIONS LIMITED (3)
5 years from 21/07/2010
£5,250 (4)
20/07/2015
Second
Residential
Two Bedroom Flat
INDIVIDUAL
Let on an Assured Shorthold Tenancy until 30/04/2016
£5,640
Third
Residential
Two Bedroom Flat
INDIVIDUAL
Let on an Assured Shorthold Tenancy until 08/11/2015
£5,640
Total Commercial
337.83 sq m
(3,636 sq ft)
£56,030
(1) For the year ending 27/04/2014, The Works Stores Limited reported a turnover of £127,960,000, pre-tax profits of £5,838,000 and a total net worth of £10,022,000. (Source: www.riskdisk.com 26/02/2015) (2) The lease is subject to a schedule of condition. (3) J&J Recruitment Solutions Limited are considered to be one of Kent’s leading recruitment consultancies. Founded in 2006, J&J Recruitment now have two offices located in Herne Bay and Folkestone. (Source: www.jandjrecruitment.com 26/02/2015). (4) The current rent under the terms of the lease is £5,000 p.a.x. The tenant pays an additional signage licence fee of £250 p.a.x.