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3 Grace Hill 1,176 sq ft Retail Property Folkestone CT20 1HA £370,000 (£314.63/sq ft) 7.30% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Motis Estates are proud to advertise a prominent Freehold Property situated on the edge of Folkestone Town Centre in Grace Hill
- The ground floor has been finished to a high standard and is currently leased to a Tattoo Studio.
- On street parking is available outside the premises and there are several public car parks including multi storeys within easy walking distance
EXECUTIVE SUMMARY
An opportunity to purchase a Mixed Use Freehold property consisting of a ground floor lock up shop of 1176 sq ft, a studio flat and a 3 bedroom maisonette in Grace Hill in Folkestone. Yield at 7.3%
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,176 sq ft
Costar Property Class
C
Year Built
1900
Price
£370,000
Price per sq ft
£314.63
Yield
7.30%
NOI
£27,010
Tenancy
Single
Number of Floors
2
Plot ratio
2.35
Total Plot Size
0.01 ac
AMENITIES
- Bus Route
- Signage
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NEARBY MAJOR RETAILERS
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3 Grace Hill
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