49/51 Sandgate Road Folkestone Kent CT20 1RX

49/51 Sandgate Road
Folkestone
Kent
CT20 1RX

Well Located Retail Investment

  • Let to Caversham Trading Limited (t/a Brighthouse)
  • Approximately 5,349 sq ft
  • Prominent Town Centre location opposite Bouverie Place Shopping Centre
  • Nearby occupiers include Debenhams, Costa, Boots the Chemist and WH Smith
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    47
  • Auction
    25th May 2017
  • Rent
    £65,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £550,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

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

Well Located Retail Investment

  • Let to Caversham Trading Limited (t/a Brighthouse)
  • Approximately 5,349 sq ft
  • Prominent Town Centre location opposite Bouverie Place Shopping Centre
  • Nearby occupiers include Debenhams, Costa, Boots the Chemist and WH Smith
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 47
  • Auction 25th May 2017
  • Rent
  • Status Sold
  • Price £550,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
8 miles south-west of Dover, 15 miles south-east of Ashford, 70 miles south-east of central London
Roads
A20, A259, M20 (Junction 13)
Rail
Folkestone Central Railway Station, Folkestone International (Eurotunnel) Station
Air
London Gatwick Airport
Situation

The property is prominently situated on the southern side of the pedestrianised Sandgate Road, in the heart of Folkestone town centre. Bouverie Place Shopping Centre is located opposite, with occupiers including Primark, Next, Sports Direct, TK Maxx, Poundland and New Look. Other nearby occupiers include Debenhams, Boots the Chemist, Costa, Wilko and WH Smith. NCP Car Park Bouverie Place is located close by and provides car parking for approximately 480 cars.

Tenure

Virtual Freehold. To be held for a term of 999 years from completion at a peppercorn rent.

Location
Miles
8 miles south-west of Dover, 15 miles south-east of Ashford, 70 miles south-east of central London
Roads
A20, A259, M20 (Junction 13)
Rail
Folkestone Central Railway Station, Folkestone International (Eurotunnel) Station
Air
London Gatwick Airport
Situation

The property is prominently situated on the southern side of the pedestrianised Sandgate Road, in the heart of Folkestone town centre. Bouverie Place Shopping Centre is located opposite, with occupiers including Primark, Next, Sports Direct, TK Maxx, Poundland and New Look. Other nearby occupiers include Debenhams, Boots the Chemist, Costa, Wilko and WH Smith. NCP Car Park Bouverie Place is located close by and provides car parking for approximately 480 cars.

Tenure

Virtual Freehold. To be held for a term of 999 years from completion at a peppercorn rent.

Description

The property comprises a triple fronted ground floor shop with basement ancillary accommodation, forming part of a larger building.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

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

Description

The property comprises a triple fronted ground floor shop with basement ancillary accommodation, forming part of a larger building.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

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 Reversion
Ground/
Basement

Retail/
Ancillary
496.94 sq m
(5,349 sq ft)
CAVERSHAM TRADING LIMITED
(1) t/a Brighthouse

10 years from
03/09/2010 on an
effectively full repairing
and insuring lease
£65,000
02/09/2020
Totals  
496.94 sq m
(5,349 sq ft)
    £65,000

 

(1) For the year ending 31st March 2016, Caversham Trading Limited reported a turnover of £67,282,000, pre-tax profits of £4,579,000 and a total net worth of £59,973,000. With over 270,000 customers, Brighthouse is the UK's leading rent-to-own retail chain, providing quality branded home electronics, domestic appliances and household furniture to customers on weekly payments. They currently trade from over 300 stores nationwide (Sources: Experian Group and www.brighthouse.co.uk 24/04/2017).

Property Documents

  • Site Plan
    Updated Date
    18.11.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    18.11.19
    File Size
    904 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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Freemans Solicitors 22 Upper Woburn Place
London
WC1H 0HW
Howard Freeman 020 7935 3522hf@freemanssolicitors.net

Useful Links

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

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