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3A West Ter 666 sq ft Retail Unit Offered at £65,000 in Folkestone CT20 1RR
Investment Highlights
- The Rum Clinic is a rather unique business which, at the time of writing, was rated number 2 out of 46 Nightlife venues in Folkestone
- Approached via a set of steps from the pavement above, this basement bar has its main entrance into the bar area, with its vibrant Caribbean-inspired
- From this basement bar, it offers the taste of the Caribbean in the heart of Folkestone, with over 100 rums as well as usual bar spirits, wine, rum
Executive Summary
The Rum Clinic occupies a lock up unit at basement level in a period terrace property just off of The Leas seafront road in Folkestone town, making it a very convenient place to drop in for any visitor to the town looking for the best nightlife, or those living within the town or surrounding areas. Folkestone has great rail and road links into the rest of the south east and beyond, as well as being well placed close to the Channel Tunnel
Property Facts
| Total Property Size | 1,332 sq ft | Typical Floor Size | 666 sq ft |
| Property Type | Retail (Unit) | Year Built | 1990 |
| Property Subtype | Shopfront Retail / Residential | Total Plot Size | 0.03 ac |
| Floors | 2 |
| Total Property Size | 1,332 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Floors | 2 |
| Typical Floor Size | 666 sq ft |
| Year Built | 1990 |
| Total Plot Size | 0.03 ac |
Amenities
- Storage Space
1 Unit Available
Unit 3a
| Unit Size | 666 sq ft | Unit Use | Retail |
| Price | £65,000 | Sale Type | Investment or Owner Occupier |
| Price Per sq ft | £97.60 | Tenure | Freehold |
| Unit Size | 666 sq ft |
| Price | £65,000 |
| Price Per sq ft | £97.60 |
| Unit Use | Retail |
| Sale Type | Investment or Owner Occupier |
| Tenure | Freehold |
Description
Approached via a set of steps from the pavement above, this basement bar has
its main entrance into the bar area, with its vibrant Caribbean-inspired decor
and art and unique DJ desk. Bar severy, which also has a fitted kitchen area
(currently un-used) and male and female toilets with one-off graffiti art by a
local artist.
Sale Notes
Terms
The asking price is £65,000.
Current rent payable, we understand, is £7,800 per annum. It is understood
that the landlord is happy to consider granting a new lease to an incoming
tenant on terms to be negotiated.
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Nearby Major Retailers
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3A West Ter
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