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    Key features

    • To be offered on Tuesday 24 September
    • A prominent freehold 5 storey building
    • Arranged as a barbers over the basement and ground floor
    • A three bedroom flat over the first, second and third floors
    • Investment let at £16,800 pa
    • Investment/development opportunity (subject to requisite consents)
    • Central High Street location
    • Close to Folkestone Central train station

    Description

    Ground floor, basement and rear garden Approx. 1,360 sq ft. On the first and second floors there is a 3 bedroom flat.

    Additional information

    Tenure

    Freehold

    Accommodation

    Please note the approximate areas have been provided by the VOA/Vendor and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site. 


    Shop

    Basement- Basement, WC

    Ground Floor- Hair Dresser


    Flat

    First Floor- Kitchen, Living Room, WC

    Second Floor- Two Bedrooms, Bathroom/WC

    Loft Floor- One Bedroom

    Tenancy

    Let to Messers Hassan and trades as a barbers, paying £9,000 per annum 5 year lease from 24 October 2017 expired 23 October 2022 and therefore is holding over. There is a rent deposit of £3,000 held. The unit is considered under let and ERV is £10,000 p.a. 


    First and second floor 3 bedroom flat, let on an AST which expired 24 April 2022 and is therefore holding over on a periodic tenancy. Producing £7,800 per annum. This is believed to be underlet and the ERV is considered in the region of £12,000 p.a.

    Notes

    Please note the areas provided are approximate.

    The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property.

    The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard.

    Please refer to the legal pack. 

    Additional charges and fees might be charged by the seller and/or other third parties.

    You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Located on Guildhall street, accessed of Shellons street. This property is in a popular, central high street location with a shopping centre close by. Folkestone has been recognised as an up and coming coastal destination

      Transport

      Folkestone Central- southeastern


      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums