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2-8 Tontine St 10,540 sq ft Retail Property Folkestone CT20 1JU £1,750,000 (£166.03/sq ft)
Investment Highlights
- Investment Opportunity
- 6 Flats
- Potential for Owner Occupier
- Planning Potential
- 3 Commercial units
Executive Summary
Total Residential Income (once fully let): £44,499.96 per annum
Takeaway Shop: £7,800 per annum (lease terms to be confirmed)
Nightclub: £49,400 per annum on a new 5 year lease from October 2024.
Snooker Hall: Owner occupied but potential income of £24,000 per annum
Total: Potential Income once fully occupied: £128,700 per annum
Please note that the measurements have been taken from the EPC register or an external source.
Takeaway Shop: £7,800 per annum (lease terms to be confirmed)
Nightclub: £49,400 per annum on a new 5 year lease from October 2024.
Snooker Hall: Owner occupied but potential income of £24,000 per annum
Total: Potential Income once fully occupied: £128,700 per annum
Please note that the measurements have been taken from the EPC register or an external source.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
10,540 sq ft
Costar Property Class
B
Year Built
1910
Price
£1,750,000
Price per sq ft
£166.03
Tenancy
Single
Number of Floors
3
Plot ratio
2.03
Total Plot Size
0.12 ac
Frontage
30 ft on Tontine Street
Amenities
- Storage Space
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
- Party Bar
- -
- 3,749 sq ft
- -
- -
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
| Party Bar | - | 3,749 sq ft | - | - |
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Nearby Major Retailers
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2-8 Tontine St
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