9-17 Sandgate Road, Folkestone, CT20 1SB Freehold Town Centre Retail Investment with Significant Redevelopment Potential Highlights o Exceptionally prominent town centre retail investment totalling approximately 3,116.6 sq m (33,547 sq ft) o Current income of £250,000 per annum o Let to Wilko Retail Limited (D&B Rating 5A1) for 8.07 years unexpired o Tenant has been in occupation for over 12 years o Potential for future sub-division and change of use of upper parts, subject to planning Offers in excess £2,500,000 Total income £250,000 Yield 9.40%
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9-17 Sandgate Road, Folkestone, CT20 1SB
Freehold Town Centre Retail Investment with Significant Redevelopment Potential
Highlights
o Exceptionally prominent town centre retail investment
totalling approximately 3,116.6 sq m (33,547 sq ft)
o Current income of £250,000 per annum
o Let to Wilko Retail Limited (D&B Rating 5A1) for 8.07
years unexpired
o Tenant has been in occupation for over 12 years
o Potential for future sub-division and change of use of
upper parts, subject to planning
Offers in excess£2,500,000
Total income£250,000
Yield9.40%
National Investment
Folkestone is a major retail and commercial
centre situated on the south east coast of
Kent, approximately 70 miles (113 km) south
west of central London and 7 miles (11 km)
south west of Dover.
The town benefits from excellent road
communications being located at the eastern
end of the M20 which provides direct access to
Ashford, Maidstone, the M25 and London.
Folkestone also marks the eastern end of the
A259 south coast trunk road.
The town is served by two mainline railway stations,
Folkestone Central and Folkestone West which
provide regular services to nearby centres and
London. The terminus of the High Speed 1
(previously known as the Channel Tunnel Link) is
situated to the north of the town. The nearest
international station is Ashford which provides high
speed trains to the continent.
Location
National Investment
The property is situated on a pedestrianised section to the eastern side of Sandgate Road between West
Terrace and West Cliff Gardens which forms the primary retail thoroughfare in Folkestone.
Sandgate Road benefits from strong pedestrian flow comprising a wide variety of retail, leisure, financial
and professional services. Surrounding occupiers include; Debenhams, Lloyds Bank, Topshop, WH Smith
and Superdrug, amongst others.
Folkestone railway station is located within a 12 minute walk (0.6 miles) to the north west of the subject
Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. 07.19