Ground floor restaurant let for 10 years commencing 27 Jan 2021 expiring 26 January 2031. Current rent is £12,000 pa. Approx 955 Sq Ft
First floor let to Folkestone Taxi Company Limited for a period of 5 years from 24 October 2022 and expiring on 23 October 2027. Rent of £8,560 per annum. Approx 955 Sq Ft.
Second & Third floor – 3 bedroom residential flat, vacant. In need of refurbishment. 1,375 Sq Ft. Potential to convert, or split into more unit (subject to planning consents)
Benefitting from off street parking
In a central location, a short distance from the beautiful beaches of Folkestone
A rarely available mixed use building comprising a ground floor retail unit subject to 8 distinct licenses over 10 units (1 unit vacant) with two recently refurbished upper floor apartments let on ASTs
Existing planning permission for loft conversion and extension of both upper floor apartments to create additional living accommodation (subject to the necessary consents)
Further development potential to create two kiosk units at the rear of property (subject to necessary consents)
Both upper floor apartments have been comprehensively refurbished throughout and include new kitchen and bathroom suites
Approximately two minutes' walk to South Harrow Tube station
Investment let at £159,240 p.a. (11.79% GIY on Guide Price)