Well located on principal pedestrianised retailing thoroughfare
Close to an entrance to the Bouverie Place Shopping Centre
Nearby occupiers include Debenhams, Boots the Chemist, Costa, WH Smith, Superdrug and Waterstones
Includes Self-Contained accommodation on second and third floors
Residential redevelopment potential (subject to consents)
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 60
Auction 30th March 2017
Vacant Possession
Status Sold
Price £505,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Receivers - CBRE
Property Information
Location
Miles
8 miles south-west of Dover, 15 miles south-east of Ashford, 70 miles south-east of central London
Roads
A259, A20, M20 (Junction 13)
Rail
Folkestone Central Railway Station, Folkestone International (Eurotunnel) Station
Air
London Gatwick Airport
Situation
The property is prominently situated on the north side of pedestrianised Sandgate Road, Folkestone's principal retailing thoroughfare in the heart of the town centre. The property benefits from being adjacent to Alexandra Gardens providing access to the Bouverie Place Shopping Centre, which houses occupiers including Next, Primark, TK Maxx and New Look. Other nearby occupiers include Debenhams, Boots the Chemist, Costa, WH Smith, Superdrug and Waterstones.
Tenure
Freehold.
Location
Miles
8 miles south-west of Dover, 15 miles south-east of Ashford, 70 miles south-east of central London
Roads
A259, A20, M20 (Junction 13)
Rail
Folkestone Central Railway Station, Folkestone International (Eurotunnel) Station
Air
London Gatwick Airport
Situation
The property is prominently situated on the north side of pedestrianised Sandgate Road, Folkestone's principal retailing thoroughfare in the heart of the town centre. The property benefits from being adjacent to Alexandra Gardens providing access to the Bouverie Place Shopping Centre, which houses occupiers including Next, Primark, TK Maxx and New Look. Other nearby occupiers include Debenhams, Boots the Chemist, Costa, WH Smith, Superdrug and Waterstones.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation in the basement and first floor. Additionally, there is self-contained ancillary accommodation on the second and third floors.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with ancillary accommodation in the basement and first floor. Additionally, there is self-contained ancillary accommodation on the second and third floors.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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)
Possession
Ground Basement First
Retail/Ancillary Ancillary Ancillary
321.00 sq m 155.00 sq m 163.00 sq m
(3,455 sq ft) (1,668 sq ft) (1,755 sq ft)
Vacant
Second Third
Ancillary Ancillary
122.00 sq m 122.00 sq m
(1,313 sq ft) (1,313 sq ft)
Vacant
Total
(883 sq m)
(9,504 sq ft)
(1) The approximate floor areas stated are on a gross internal basis (GIA) .
Contacts
Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street Leeds LS1 2HL
