2 bedroom flat for sale
Key information
Property description & features
- Tenure: Freehold
- Prime Location
- 2 x 1 Bedroom Flats
- Investment
- Mixed Use
Conveniently located in Sandgate High Street, the freehold property consists of a commericial ground floor unit which is currently occupied and 2 x 1 bedroom flats. The property is situated within a convenience of local curio shops, independent restaurants and the beach in Sandgate with the nearby town of Folkestone being easily accessible. The local bus network runs services along the coast, whilst Folkestone Central provides a high speed train service into Central London as well as regional mainline rail links across Kent.
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. and
The property itself consits of a a 646 sq ft ground floor commercial property occupied as a micropub. A new 5 year lease is being negotiated at an initial rent of £6,200 per annum. The property is fully fitted as a bar with a kitchen to the rear and an undercover external storage area.
The first and second floor consits of two x 1 bedroom flats which are accessed via a seperate entrance. Flat 1 has an open plan living room and kitchen wiith a large bedroom and bathroom to the rear. Flat 2 has a living room and a seperate kitchen with a large bedroom and bathroom to the rear.
The property benefits from gas central heating and also UPVC double glazed windows.
Flat 1 is currently rented at £520 per calendar month.
Flat 2 is currently rented at £520 per calendar month.
Total: £18,680 per annum.
Business Rates: £5,500 Rateable Value with effect from 1st April 2023
Council Tax (Flats): A
Services: We understand mains drainage, water and electricity are connected to the premises.
Residential Energy Performance Certificate: Pending
Commercial Energy Performance Certificate: Pending
In England and Wales, under the new legislation, from 1st April 2018 any commercial property that has an EPC of lower than an ‘E’ cannot be rented out to new tenants, or renew any existing tenancy contracts until at least an ‘E’ rating is obtained. From April 2023, MEES will apply to all existing commercial leases. The vendor is in the process of improving the EPC rating.
Tenure: Freehold
Price: The price is £290,000 (no VAT).
VAT: We understand that VAT is not applicable however we recommend you seek advice.
Legal Costs: Each party to pay their own legal costs.
Viewings Strictly by appointment through Motis Estates Commercial Agents in Folkestone -[use Contact Agent Button] or [use Contact Agent Button]
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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Property reference MOTIS_004829. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Motis Estates - Folkestone.
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Broadband availability and predicted speed: obtained from Ofcom on January 4, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 4, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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