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2-8 Tontine St 10,540 SF Retail Building Folkestone CT20 1JU $2,335,700 ($221.60/SF)
INVESTMENT HIGHLIGHTS
- Investment Opportunity
- 6 Flats
- Potential for Owner Occupier
- Planning Potential
- 3 Commercial units
EXECUTIVE SUMMARY
Total Residential Income (once fully let): £44,499.96 per annum
Takeaway Shop: £7,800 per annum (lease terms to be confirmed)
Nightclub: £49,400 per annum on a new 5 year lease from October 2024.
Snooker Hall: Owner occupied but potential income of £24,000 per annum
Total: Potential Income once fully occupied: £128,700 per annum
Please note that the measurements have been taken from the EPC register or an external source.
Takeaway Shop: £7,800 per annum (lease terms to be confirmed)
Nightclub: £49,400 per annum on a new 5 year lease from October 2024.
Snooker Hall: Owner occupied but potential income of £24,000 per annum
Total: Potential Income once fully occupied: £128,700 per annum
Please note that the measurements have been taken from the EPC register or an external source.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
10,540 SF
Building Class
B
Year Built
1910
Price
$2,335,700
Price Per SF
$221.60
Tenancy
Single
Building Height
3 Stories
Building FAR
2.03
Lot Size
0.12 AC
Frontage
30’ on Tontine Street
AMENITIES
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Party Bar
- -
- 3,749 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Party Bar | - | 3,749 SF | - | - |
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NEARBY MAJOR RETAILERS
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2-8 Tontine St
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