15 Guildhall Street, Folkestone | Property for sale | Savills
Guide price £200,000(€239,483)

15 Guildhall StreetFolkestone

  • New
  • Sole agency
  • Freehold
Investment

Key features

  • A prominent freehold 5 storey building
  • Arranged as a barbers over the basement and ground floor
  • A three bedroom flat over the first, second and third floors
  • Investment let at £16,800 pa
  • Investment/development opportunity (subject to requisite consents)
  • Central High Street location
  • Close to Folkestone Central train station

A prominent freehold 5 floor building, arranged as a barbers over the basement and ground floor, with a flat to upper parts. Investment/development opportunity

About this property

  • Ground floor, basement and rear garden Approx. 1,360 sq ft. On the first and second floors there is a 3 bedroom flat. Let to Messers Hassan and trades as a barbers, paying £9,000 per annum 5 year lease from 24 October 2017 expired 23 October 2022 and therefore is holding over. There is a rent deposit of £3,000 held. The unit is considered under let and ERV is £10,000 p.a. First and second floor 3 bedroom flat, let on an AST which expired 24 April 2022 and is therefore holding over on a periodic tenancy. Producing £7,800 per annum. This is believed to be underlet and the ERV is considered in the region of £12,000 p.a.