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.