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3 George Lane 1,152 sq ft Retail Property Folkestone CT20 1RH £350,000 (£303.82/sq ft) 8.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- A prominent restaurant and 3 flats
- With fantastic connections to local transport links
- Situated in the heart of Folkestone Town Centre
EXECUTIVE SUMMARY
Offers in Excess of £350,000 for the freehold interest of the premises.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,152 sq ft
Costar Property Class
C
Year Built
1960
Price
£350,000
Price per sq ft
£303.82
Yield
8.50%
NOI
£29,750
Tenancy
Single
Number of Floors
1
Plot ratio
0.96
Total Plot Size
0.03 ac
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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3 George Lane
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