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£30,000 PA

Sandgate Road,Folkestone,CT20

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Property FEATURES

  • Prime Location
  • Town Centre
  • Incentives

Property DESCRIPTION

49-51 Sandgate Road is located within the prime area of Folkestone’s main pedestrian shopping parade adjacent to Natwest and Claires Accessories attracting a large amount of footfall in the town as the direct link to the Old High Street and the Harbour Arm.

Folkestone's shopping centre, Bouverie Place is within 100m with occupiers such as Primark, Asda, New Look, JD Sports and Sports Direct.

There are other national stores in the vicinity such as H Samuel, Wilko, Poundstretcher, Clarks, Waterstone's and Costa. Folkestone is a conveniently located coastal Town that has train links via HS1 in under 1 hour to London St Pancras, the Channel Tunnel service to France and the port of Dover within 10 miles to the East.

Folkestone has a number of regeneration projects with the development of Folkestone Seafront with over 700 apartments and the town of Otterpool as a new Garden Town in the next 25 years. www.folkestoneseafront.com and www.otterpoolpark.org. The property is also opposite Folca, the former Debenhams site which has been acquired by Folkestone & Hythe District Council for redevelopment.

The subject property is within a prominent 11 storey, mixed use commercial building totalling 36,250 sq ft (3,367.7 sq m) in the heart of Folkestone town centre. The subject property is a ground floor retail unit with basement ancillary accommodation totalling 5,349 sq ft (496.9 sq m). The unit provides open plan ground floor sales accommodation with a shop depth of approximately 17.6m. To the rear of the unit is ancillary storage and office accommodation with stairwell access to the basement which is currently used for further storage and staff accommodation.

The premises are in a good condition with a suspended ceiling with LED lighting and carpet tilles within the retail area, the rear of the property benefits from storage space and an office, the basements consists of ancillary storage, kitchen and w/c facilities. There is a security shutter to the rear for deliveries.

Accommodation Approx. Net Internal Area

sq m sq ft
Zone A 88.97 957.6642
Zone B 92.19 992.3239
Zone C 12.29 132.2883
Office 8.29 89.25103
Rear Stores 9.70 104.4617
Basement Stores 277.17 2983.381
Basement Kitchen 9.87 106.2914
498.49 5365.66

Business Rates: We understand from the Valuation Office Agency that the property has a current Rateable Value of £74,000 effective from 1 April 2017.

Services: We understand mains drainage, water and electricity are connected to the premises.

Energy Performance Certificate: We note from the Non Domestic EPC Register, that the property has a rating of (56 - C). For the full recommendation report, please enquire.

The premises are available on a new FRI lease at an annual rent of £30,000 per annum (plus VAT) for Year 1 with the rent increasing to £60,000 per annum in Year 2. The length of lease is negotiable.

Service Charge and Building's Insurance to be payable by the tenant.

Deposit payable, the amount is to be confirmed dependent on tenant circumstance.

Legal Costs: Each party to pay their own legal costs.

Viewings Strictly by appointment through Motis Estates Commercial Agents in Folkestone - 01303 212020 or commercial@motis-estates.com.

VACANT POSSESSION UPON COMPLETION SUBJECT TO CONTRACT (This firm operates a Complaints Handling Procedure, details of which are available upon request).

IMPORTANT NOTICE FROM MOTIS ESTATES

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

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