Sandgate Rd
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Sandgate Rd
5,252 SF 100% Leased Retail Building Folkestone CT20 2BZ $2,329,863 CAD ($444 CAD/SF) 7.60% Cap Rate
Executive Summary
Mixed commercial and residential investment on prominent main road position with gross rental income of approx. £105,000 pa.
The property comprises a detached three storey building arranged as 5no. single storey shops and restaurants on the ground floor, with 7no. self-contained residential maisonettes on the first and second floors having separate access from the rear.
There is car parking accessed via Christ Church Road, at the rear of the shops with space for 11 cars and a separate, overflow car park with space for a further 20 cars.
The property is fully let and producing a current gross rental income of approximately £105,000 per annum.
A full schedule of tenancies and copies of various leases/tenancy agreements are available upon request from the agents.
The property comprises a detached three storey building arranged as 5no. single storey shops and restaurants on the ground floor, with 7no. self-contained residential maisonettes on the first and second floors having separate access from the rear.
There is car parking accessed via Christ Church Road, at the rear of the shops with space for 11 cars and a separate, overflow car park with space for a further 20 cars.
The property is fully let and producing a current gross rental income of approximately £105,000 per annum.
A full schedule of tenancies and copies of various leases/tenancy agreements are available upon request from the agents.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Retail
Building Size
5,252 SF
Year Built
2000
Price
$2,329,863 CAD
Price Per SF
$444 CAD
Cap Rate
7.60%
NOI
$177,070 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.30
Lot Size
0.40 AC
Parking
31 Spaces (5.9 Spaces per 1,000 SF Leased)
Amenities
- Energy Performance Rating - C
Nearby Major Retailers
1 of 6
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Sandgate Rd
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