For Sale By Auction | 09:00, 11 December 2024 | Lot 114

113 Pleydell Gardens, Folkestone, Kent, CT20 2DN

*Guide | £285,000+ (plus fees)

  • Restaurant
  • 3 Bedrooms
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

Auction Date

Wed 11/12/2024

Auction Time

09:00

Auction Venue

Live Stream

A Mid Terrace Building Arranged to Provide a Ground Floor Restaurant, First Floor Offices and a Second and Third Floor Three Bedroom Split Level Flat Part Let Producing £20,560 Per Annum

The property comprises a mid terrace building arranged to provide a ground floor restaurant, first floor offices and a second and third floor three bedroom split level flat.

Tenure

Freehold

Location

The property is situated on a mixed use road close to local shops and amenities. The open spaces of Folkestone Beach are within easy reach. Transport links are provided by Folkestone Central rail station.

Accommodation

Ground Floor Restaurant Area WC First Floor Four Office Rooms WC Second Floor Reception Room Kitchen Third Floor Three Bedrooms Bathroom

Exterior

The property benefits from off street parking..

Tenancy

The ground floor restaurant is subject to a lease for a term of 10 years commencing 27th January 2021 at a rent of £12,000 per annum. The first floor offices are subject to a lease for a term of 5 years commencing 24th October 2022 at a rent of £8,560 per annum. The second and third floor split level flat is vacant.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.