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£350,000Studio for sale
George Lane, Folkestone, CT20
Studio
2356
EPC rating: C
Key information
Features and description
Motis Estates are proud to advertise a prominent restaurant and 3 flats situated in the heart of Folkestone Town Centre in George Lane with fantastic connections to local transport links, and Folkestone Central, taking you to London in less than an hour. The property is in the main through flow to the Folkestone Harbour Arm with more than 100,000 visitors a year.
Situated in a prime trading location within Folkestone town centre, with a variety of retail users in the vicinity including multiples such as beauty salons, barbers, coffee shops and restaurants. Folkestone's famous Old High Street is only 50 yards around the corner.
On street parking is available outside the premises for free after 6pm there are several public car parks including multi storeys within easy walking distance of the premises.
The property consists of a fully fitted restaurant with kitchen and equipment which is now closed but had been trading for a number of years. it is felt the commercial unit could be let at approx £12,000 per annum. There are 2 x 1 bedroom flats and a studio flat above the commercial unit.
The property comprises the following:
Restaurant: 107 sq m
Flat 1: 21 sq m
Flat 2: 32 sq m
Flat 3: 57 sq m
Total: 217 sq m (2356 sq ft)
Current Income:
Restaurant: Vacant
Flat 1: £375 PCM
Flat 2: £550 PCM
Flat 3: £525 PCM
Current Income: £1,450 PCM
Potenital Income: £2,450 PCM
Yield: Approx 8.5%
Use: E Use Class
Energy Performance Certificate:
57 (C) Full EPC available upon request (Restaurant)
73 (C) Full EPC available upon request (Flat 1)
71(C) Full EPC available upon request (Flat 2)
73 (C) Full EPC available upon request (Flat 3)
Services: Water, Gas, Drainage and Electricity
Rateable Value: £4,750 (Folkestone and Hythe District Council (2024/2025). Small Business Rates Relief eligible.
Council Tax: Band A for all three flats.
Viewing Strictly by appointment through Motis Estates Chartered Surveyors 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).
Situated in a prime trading location within Folkestone town centre, with a variety of retail users in the vicinity including multiples such as beauty salons, barbers, coffee shops and restaurants. Folkestone's famous Old High Street is only 50 yards around the corner.
On street parking is available outside the premises for free after 6pm there are several public car parks including multi storeys within easy walking distance of the premises.
The property consists of a fully fitted restaurant with kitchen and equipment which is now closed but had been trading for a number of years. it is felt the commercial unit could be let at approx £12,000 per annum. There are 2 x 1 bedroom flats and a studio flat above the commercial unit.
The property comprises the following:
Restaurant: 107 sq m
Flat 1: 21 sq m
Flat 2: 32 sq m
Flat 3: 57 sq m
Total: 217 sq m (2356 sq ft)
Current Income:
Restaurant: Vacant
Flat 1: £375 PCM
Flat 2: £550 PCM
Flat 3: £525 PCM
Current Income: £1,450 PCM
Potenital Income: £2,450 PCM
Yield: Approx 8.5%
Use: E Use Class
Energy Performance Certificate:
57 (C) Full EPC available upon request (Restaurant)
73 (C) Full EPC available upon request (Flat 1)
71(C) Full EPC available upon request (Flat 2)
73 (C) Full EPC available upon request (Flat 3)
Services: Water, Gas, Drainage and Electricity
Rateable Value: £4,750 (Folkestone and Hythe District Council (2024/2025). Small Business Rates Relief eligible.
Council Tax: Band A for all three flats.
Viewing Strictly by appointment through Motis Estates Chartered Surveyors 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).
About this agent
Motis Estates - Folkestone
1-2 Motis Business Centre, Cheriton High Street
Folkestone
CT19 4QJ
01303 396784Motis Estates incorporating H. Wald & Co is independently owned and first opened for business in 1963, making it Folkestone’s longest established firm of Estate Agents and Chartered Surveyors. If you are looking for an estate agent with unrivalled local knowledge, wide experience and who can offer a highly professional service tailored to achieve the best possible price for your house, we are the right choice for you. We strive to be able to provide you a professional service but an affordable price. As a Lifestyle Agent, we aim to assist in all aspects of moving to Folkestone with recommendations from your mortgage broker, to removal company, to kitchen and bathroom specialists. As the team are all local to Folkestone and the surrounding area, we can also recommend independent restaurants, bars and music venues. We can offer: - Free no obligation advice - Free EPC - Free Floor plan - Free Photography We have just installed an interactive touch screen on our shop window so pop down to Sandgate Road to view all our properties 24/7.