3 Grace Hill 1,176 sq ft Retail Property Folkestone CT20 1HA £360,000 (£306.12/sq ft) 7.50% Net Initial Yield

Motis Estates are proud to advertise a prominent Freehold Property situated on the edge of Folkestone Town Centre in Grace Hill 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.

On street parking is available outside the premises and there are several public car parks including multi storeys within easy walking distance of the premises.

The ground floor has been finished to a high standard and is currently leased to a Tattoo Studio. The first floor has part of the commercial property which is used as for storage and a studio flat which has an open plan living room, kitchen, bedroom and seperate shower room. The kitchen is finished to a good standard and has integrated fridge freezer and cooker. The property has gas central heating and single glazed sash windows. The second and third floor consists of a three bedroom maisonette with a kitchen, living room and bathroom on the second floor, a bedroom on the half landing and then two additional bedrooms on the top floor. There is a gas central heating system and single glazed sash windows. The property was redecorated less than a year ago.


Retail: 1176 sq ft
Flat 1: 400 sq ft
Flat 2: 1138 sq ft

Total: 2714 sq ft

Tenancies:

Retail: A licence agreement for 2 years from 21st March 2025 at a rent of £700 PCM.

Flat 1: An AST at a rent of £575 PCM

Flat 2: An AST at a rent of £975 PCM increasing to £1014 PCM in February 2026

Total: £2,250 PCM (£27,000 PA)

Yield - 7.6% (from Feb 2026)

Shop: Full EPC and Recommendation Report is available upon request, this property has a current energy efficient rating of 45 (B)

Flat 1: Full EPC and Recommendation Report is available upon request, this property has a current energy efficient rating of 66 (D)

Flat 2: Full EPC and Recommendation Report is available upon request, this property has a current energy efficient rating of 69 (C)

Rateable Value: £3,750 from 1st April 2023: 49.9p / £1 payable. Small Business Rates Relief may apply, interested parties are advised to confirm these figures with Folkestone & Hythe District Council.

Council Tax: Both Flats are in Band A.

Viewing strictly by appointment through these offices through Motis Estates Commercial Agents in Folkestone or contacting[use Contact Agent Button].

SUBJECT TO CONTRACT (This firm operates a Complaints Handling Procedure, details of which are available upon request).