Sold

Folkestone – Town Centre Retail with Significant Redevelopment Potential

9-17 Sandgate Road, Folkestone, CT20 1SB

Offers in excess of £2,500,000

Property Type:
Commercial
Sub Type:
Retail
Tenure:
Freehold
Net Initial Yield:
9.4%

Income

£250,000

Description

  • Exceptionally prominent town centre retail investment totalling approximately 3,116.6 sq m (33,547 sq ft).
  • Current income of £250,000 per annum.
  • Let to Wilko Retail Limited (D&B Rating 5A1) for 8.07 years unexpired.
  • Tenant has been in occupation for over 12 years.
  • Potential for future sub-division and change of use of upper parts, subject to planning.