124 High St 2,294 SF 100% Leased Retail Building Hythe CT21 5LE $651,754 CAD ($284.11 CAD/SF)

Motis Estates are proud to offer an occupied shops, and a 1 x 3/4 Bedroom Flat and a rear salon in Hythe High Street. The investment is currently occupied and will be sold with tenants in situ.

Situated on the High Street, there are numerous retail outlets such as WH Smiths, Boots, Iceland and several independent shops all in the vicinity in the picturesque Cinque Port Town of Hythe, approximately 4 miles from the Channel Tunnel terminal and Folkestone. The town centre offers a range of Multiple Retailers and banks and enjoys a wide variety of retail outlets and businesses giving a good mixed trading environment. Sandling mainline railway station, the M20 motorway and Ports of Dover and Folkestone are also easily accessed by car.

The property is a Grade II Listed Building and has a separate shop on the ground floor with a single glazed frontage, a two storey store to the rear, and a separate access to the flat on the first and second floor via an entrance to the side of the property.

The ground floor shop benefit from LED strip Lighting with a plasterboard ceiling, a fully working kitchen within the basement and stores to the rear. There are approx 25 covers.

The flat is a 3/4 bedroom flat with a living room, bathroom, kitchen, and bedroom/dining room on the first floor and an additional three bedrooms on the second floor.

The flat benefits with gas central heating system and is in a good condition.

Accommodation:

See Floorplans

Energy Performance Certificate: The property has the following EPC ratings:

Flat: D (63) valid until November 2035

Shop: D (77) valid until October 2031

Services: Water, Gas, Drainage and Electric

Use: E Class

Income:

Ground floor shop with a detached store at the rear which is let at £12,600 per annum on a 7 year lease until 30th November 2028 outside the LTA 1954.

There is a 3/4 bedroom flat (depending on a second reception room) which is currently being let at £667 per month on a standard AST.

There is a rear store which is also being used as a hairdressing salon which is £50 per month with no agreement.

Total: £19,200 per annum

Price: Offers in excess of £350,000 (no VAT)

Viewing Strictly by appointment through Motis Estates Chartered Surveyors in Folkestone by calling[use Contact Agent Button] or e-mailing [use Contact Agent Button]

SUBJECT TO CONTRACT (This firm operates a Complaints Handling Procedure, details of which are available upon request).