22-26 Dover Rd 3,537 SF 100% Leased Retail Building Folkestone CT20 1JQ $461,890 CAD ($130.59 CAD/SF)

Motis Estates are proud to advertise a prominent corner location property on the corner of Dover Road and Tontine Street on the edge of the Folkestone Creative Quarter. Folkestone is within the jurisdiction of Folkestone and Hythe, approximately 14.4 miles to the south of Canterbury. The area has good road communications, with the subject property being located approximately 1.5 miles to the south-east of J13 of the M20. The property is approximately 928 metres east of Folkestone Central railway station. Folkestone Central railway station connects London St Pancras in under 1 hour.
The property is close to the main through flow to the Folkestone Harbour Arm with more than 100,000 visitors a year.
The current accomodation is set over two floors with the following schedule:
22 Dover Road
Retail Area
Shop 25.96 sq m 279.43 sq ft
Store 10.66 sq m 114.74 sq ft
Basement 21.84 sq m 235.08 sq ft
WC 1.26 sq m 13.56 sq ft
24/26 Dover Road
Café - Zone A 24.64 sq m 265.22 sq ft
Kitchenette 10 sq m 107.64 sq ft
WC 1.8 sq m 19.38 sq ft
Reception 7.2 sq m 77.50 sq ft
Waiting Room 36.63 sq m 394.28 sq ft
Basement
Arts & Crafts 36.27 sq m 390.41 sq ft
Music Room 22.04 sq m 237.24 sq ft
Kitchenette 5.76 sq m 62.00 sq ft
WC 1.8 sq m 19.38 sq ft
Offices
Open Plan 11.4 sq m 122.71 sq ft
Staff Area 9.9 sq m 106.56 sq ft
Office 1 13.38 sq m 144.02 sq ft
Office 2 12.92 sq m 139.07 sq ft
Office 3 9.6 sq m 103.33 sq ft
Total: 262 sq m 2830 sq ft
(Excluding all circulation areas)
The property does not include the existing commerical area in the basement which includes the cycle storage and offices adjacent.
The property also consists the freehold with long leases of 24-26 Dover Road – K596784
Flat 1: 189 years from 24th June 1987 at a peppercorn Ground Rent with the lease dated 9th January 1988.
Flat 2: 189 years from 24th June 1987 at a peppercorn Ground Rent with the lease dated 1st September 2017
Flat 3: 189 years from 24th June 1987 at a peppercorn Ground Rent with the lease dated 1st September 2017.
22 Dover Road – K5624455
Flat 1: 99 years from 4th November 1999 at a Ground Rent of £60.00 per annum doubling every 33 years with the lease dated 9th September 2006.
Flat 2: 99 years from 4th November 1999 at a Ground Rent of £60.00 per annum for the term with the lease dated 4th November 1999.
We understand that Flat 1 is a studio flat and Flat 2 is a 2 bedroom maisonette.
The Freehold has been valued at £16,800 for the Ground Rent income of the 5 leases.
There is development opportunity to convert the property into 3x1 bedroom flats and 1x2 bedroom flat 25/1922/FH
Flat 1: 1 Bedroom (58 sq m)
Flat 2: 2 Bedroom (70 sq m)
Flat 3: 1 Bedroom (39 sq m)
Flat 4: 1 Bedroom (50 sq m)
Architects Plans on Request
Potential GDV: £760,000
Please note that the measurements have been taken from the EPC register or an external source.
Rateable Value
The non-domestic property revaluation took effect on the 1 April 2023, based on rental values as at 1 April 2021. We have made internet enquiries only of the Valuation Office
and the following appear in the current Rating List.
£12,000.00 RV under Office and premises of 383.83 sq m (including all circulation areas)