Perries Mead - Folkestone 3 Beds 1 Bath 1 Recep  
  • INVESTMENT PROPERTY
  • TENANTS IN SITU
  • 3 DOUBLE BEDROOMS
  • 19,680 / pa. INCOME
  • GARAGE & PARKING
  • DOUBLE GLAZED
  • GAS CH
Guide Price  £369,000  

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Full Description
SHOP AND FLAT FOR SALE. An attractive investment opportunity has arisen in the highly sought after location of Broadmead Village, Folkestone. The property is offered with tenants in situ and currently producing a rental income of 19,680 / pa.
This modern two storey semi-detached property is arranged as a self-contained lock up shop with forecourt and a spacious three bedroomed flat with drive, garage and rear garden. Offered in good order throughout having been refurbished in recent years. Please contact us for further information. (reference: ALF1001075)

Entrance to self-contained Flat
Entrance to the side of the property leading to hall and stairs up to landing.

Landing
Airing cupboard, hatch to loft space, carpet and doors off to all rooms except kitchen.

Living Room 6.07m (19'11") x 3.76m (12'4")
Carpet as fitted, TV aerial & telephone point. Radiator below uPVC double glazed window to front elevation.

Kitchen 4.29m (14'1") x 1.98m (6'6")
Features a range of wall and base units finished in white with black work surface. Inset stainless steel one and a half bowl sink with hot & cold mixer tap. Space for washing machine. Built in fridge-freezer. Baxi floor standing gas boiler.

Bedroom 1 4.78m (15'8") x 3.05m (10'0")
Featuring uPVC double glazed window, carpet and built in wardrobes as fitted.

Bedroom 2 4.98m (16'4") x 2.72m (8'11")
Features uPVC double glazed window, carpet and eaves wardrobes as fitted.

Bedroom 3 2.97m (9'9") x 2.69m (8'10")
uPVC double glazed window with radiator below, carpet as fitted.

Bathroom 2.36m (7'9") x 1.98m (6'6")
Modern suite featuring panelled bath with mixer shower over and integrated WC. Vanity wash-hand basin.

Flat Tenancy
The property is currently achieving a rental income of 980 per calendar month. The current tenant is on a statutory periodic tenancy which rolls on month by month.

Separate Shop Premises
Self-contained convenience store having been recently refurbished. Featuring open plan trading area, rear store room, WC & Kitchenette.

Trading Area 11.81m (38' 9") x 5.65m (18' 6")
Generous floor space comprising, entrance doorway with ramp for disability access. Tile style flooring, fluorescent lighting and textured ceiling as fitted.

Kitchenette
Small kitchenette featuring base units and sink.

Store room & WC
Storage area allowing space for trading goods and other items. Door off to WC featuring wash-hand basin and WC.

Shop Lease
The Shop is currently let at a rent of 8,000pa, next rent review due 13th March 2023. We understand from the owner that the tenants are currently signed to a 11 year lease with term expiring 12/03/28.


Energy Efficiency

Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.

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Contact Details
To view this property or request more details, contact

Alexander Fleming (Hythe 1)
104 High Street
Hythe
Kent
CT21 5LE

Tel : 01303 264776
Email : sales@alexanderfleming.co.uk
Web : www.alexanderfleming.co.uk
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