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302 Cheriton Rd 530 SF of Assignment Available in Folkestone CT19 4DP
ASSIGNMENT HIGHLIGHTS
- The property is situated in a very prominent position in Cheriton Road (B2064) in a parade of shops including KFC, Morrisons
- The interior of the café bar boasts a modern and inviting design, featuring high-quality fixtures that were recently refurbished to a high standard
- The property is based in Cheriton within walking distance to Folkestone West train station which has direct link to London St Pancras within 56 minute
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 530 SF | Nov 2034 | $21.87 /SF/YR $1.82 /SF/MO $11,592 /YR $965.98 /MO | TBD |
Ground
The leasehold is priced at a negotiable £36,000 plus Stock at Asset Value (SAV), with an annual rent of £8,700, and the current turnover stands at £156,000. This is an excellent opportunity for someone looking to take over a successful and well-established café bar. Fixtures and Fittings included (list upon request) and Accounts. Rent: £8,700 PA Business: £36,000 Retail: 49.6 sq m (530 sq ft)
- Use Class: E
- Assignment space available from current tenant
- Partially Built-Out as Standard Retail Space
- Secure Storage
- Fixtures and Fittings included
- extensive refurbishment
- modern and inviting design,
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing broker for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
SELECT TENANTS AT 302 CHERITON RD, FOLKESTONE, KEN CT19 4DP
- TENANT
- DESCRIPTION
- UK LOCATIONS
- REACH
- Brunch & Barrel Bar
- -
- 1
- -
| TENANT | DESCRIPTION | UK LOCATIONS | REACH |
| Brunch & Barrel Bar | - | 1 | - |
PROPERTY FACTS
| Total Space Available | 530 SF | Gross Leasable Area | 1,913 SF |
| Property Type | Retail | Year Built | 1910 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 530 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 1,913 SF |
| Year Built | 1910 |
ABOUT THE PROPERTY
The interior of the café bar boasts a modern and inviting design, featuring high-quality fixtures that were recently refurbished to a high standard. Its stylish décor is complemented by outdoor seating, creating a welcoming atmosphere for customers. The establishment offers a diverse menu that includes exceptional coffee, brunch options, and an extensive bar selection, appealing to a wide range of customer preferences. The layout is spacious, with comfortable seating arrangements suitable for various group sizes, making it a perfect destination for gatherings. Positioned on a busy high street with significant foot traffic and neighboring local traders, this venue benefits from high visibility and accessibility. While there is some competition from another coffee shop nearby, this café bar is the only bar in the area, which grants it a unique position in the market. The business has been operating in its current form for six months, following an extensive refurbishment, and has seen its turnover triple since transitioning from a café to a bar. The current owners have successfully managed this business for one year, but are selling due to the need to care for aging parents.
- Bus Line
- Freeway Visibility
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302 Cheriton Rd
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