Back to overview

£1,300,000

Sandgate Road, Folkestone

Majestic Parade Sandgate Road, Folkestone, CT20 2BZ

AT A GLANCE

Mixed commercial and residential investment on prominent main road position with gross rental income of approx. £103,000 pa.

DESCRIPTION

DESCRIPTION
The property comprises a detached three storey building arranged as 5no. single storey shops and restaurants on the ground floor, with 7no. self-contained residential maisonettes on the first and second floors having separate access from the rear.

There is car parking accessed via Christ Church Road, at the rear of the shops with space for 11 cars and a separate, overflow car park with space for a further 20 cars.

TENANCIES
The property is fully let and producing a current gross rental income of approximately £105,000 per annum.

A full schedule of tenancies and copies of various leases/tenancy agreements are available upon request from the agents.


DOWNLOADS

LOCATION