Log In/Sign up
Your email has been sent.
25-27 Black Bull Road 1,464 sq ft Retail Property Folkestone CT19 5QN £299,000 (£204.23/sq ft) 7.50% Net Initial Yield
Investment Highlights
- A three-bedroom maisonette and a commercial shop less than a mile from Folkestone Central station offered to the market as an investment at 7.5% yield
- The front door leads into a good sized entrance where there is a bathroom to the left which has a separate corner bath and shower cubicle
- The property consists of a ground floor retail shop and a three bedroom maisonette which has a separate access.
- The ground floor is a commercial shop which is approx 136 sq m of ground floor space which is currently leased on a FRI lease.
Executive Summary
Tenancies
Commercial - A lease renewal of 5 years from 25th March 2023 at £10,500 per annum. The owner has confirmed that all rent has been paid on-time for 18 years.
Residential - An AST was formed on 16th February 2023 at a rent of £995 per month - The owner has confirmed that all rent has been paid on-time.
Commercial - A lease renewal of 5 years from 25th March 2023 at £10,500 per annum. The owner has confirmed that all rent has been paid on-time for 18 years.
Residential - An AST was formed on 16th February 2023 at a rent of £995 per month - The owner has confirmed that all rent has been paid on-time.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,464 sq ft
Costar Property Class
C
Year Built
1930
Price
£299,000
Price per sq ft
£204.23
Yield
7.50%
NOI
£22,425
Tenancy
Single
Number of Floors
1
Plot ratio
0.98
Total Plot Size
0.03 ac
Amenities
- Storage Space
1 1
Nearby Major Retailers
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
25-27 Black Bull Road
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.