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56 High St 386 SF 100% Leased Retail Building Dymchurch TN29 0NL $114,994 ($297.91/SF) 7.76% Cap Rate
Executive Summary
A 386 sq ft commercial unit ideal as an investment. There is one dwelling above which has been sold on a 999 year lease.
Tenancies
Commercial - A lease renewal of 5 years from 18/08/2022 at £6,600 per annum. Lease available upon request.
Use: E Use Class
Energy Performance Certificate: 80 (D) - Full EPC available upon request valid until 2029.
Services: Water, Drainage, Gas and Electricity
Rateable Value: £4,600 (Folkestone and Hythe District Council (2023/2024). Small Business Rates Relief eligible.
Viewing Strictly by appointment through Motis Estates Chartered Surveyors in Folkestone.[use Contact Agent Button] or [use Contact Agent Button]
SUBJECT TO CONTRACT (This firm operates a Complaints Handling Procedure, details of which are available upon request).
Tenancies
Commercial - A lease renewal of 5 years from 18/08/2022 at £6,600 per annum. Lease available upon request.
Use: E Use Class
Energy Performance Certificate: 80 (D) - Full EPC available upon request valid until 2029.
Services: Water, Drainage, Gas and Electricity
Rateable Value: £4,600 (Folkestone and Hythe District Council (2023/2024). Small Business Rates Relief eligible.
Viewing Strictly by appointment through Motis Estates Chartered Surveyors in Folkestone.[use Contact Agent Button] or [use Contact Agent Button]
SUBJECT TO CONTRACT (This firm operates a Complaints Handling Procedure, details of which are available upon request).
Property Facts Sale Pending
Sale Type
Investment or Owner User
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
386 SF
Building Class
C
Year Built
1930
Price
$114,994
Price Per SF
$297.91
Cap Rate
7.76%
NOI
$8,929
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Frontage
14’ on High Street
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56 High St
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