Investment Properties for sale in Folkestone

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Investment Property in Folkestone, Kent

Folkestone, Kent, England

  • Freehold Price: £395,000
Seller Reference: NB-M4982
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Business Description
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Seller Reference: NB-M4982
Request Details
Business Description
Nationwide brings to the market this FREEHOLD INVESTMENT. Situated in a residential area KENT.

GROUND FLOOR RESTAURANT currently let on lease having approximately 8 years unexpired at a current rental of £15,000 p.a. exclusive of rates up to the 15th January, 2020 when we understand at that time the rent can be increased by 3% for the next 3 years. (We understand there is an agreement within the lease stating that every 3 years the rent can be increased by 3%).

FOR THE FREEHOLD INVESTMENT £395,000 subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Freehold : £395,000 (M4982)

Is accommodation included?:
The SELF CONTAINED living accommodation with FULL GAS FIRED CENTRAL HEATING is at present let on a shorthold tenancy & provides a rental income of £13,000 p.a. The accommodation comprises:

Ground Floor
Front living room
Rear additional large additional living room

Stairs to First Floor
2 Double Bedrooms
Bathroom with bath, shower over bath, w.c. & wash hand basinMedium sized garden
Listed by:
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