Lot 8 - Unit 1 Channel Court, Ross Way, Folkestone, Kent, CT20 3UJ
- Unconditional Online Auction Sale
- Guide Price* : £300,000
- Bedrooms: 0
Investment Opportunity Commercial Building And Yard With Parking
Description
This is a commercial building with a yard and parking for up to nine vehicles.
Including SEKPL that owns this building, there are three other companies/businesses operating from the premises, all on a three year business lease.
Genie Homes Limited
£750 PCM
Tintagel Homes Limited
£750 PCM
CJ Management
£300 PCM
Upon the sale of the premises, SEKPL will become a tenant and commence a three-year lease
£825 PCM
Total monthly rent upon sale of the property:
£2,625 PCM
In total
£2,625 PCM
£31,500 per annum.
Apart from the new owner insuring the property, the above-stated total rental income is a nett figure, as all running costs, utilities and maintenance costs are covered by the tenants on a proportionate basis as detailed in their business lease.
Tenure
Freehold
Location
This unit is on a small industrial estate in Sandgate Folkestone. The closest train station, Folkestone west, is a 20 minute walk and only a couple of minutes drive from the M20 and A20.
Tenancy
Genie Homes Limited
£750 PCM
Tintagel Homes Limited
£750 PCM
CJ Management
£300 PCM
Upon the sale of the premises, SEKPL will become a tenant and commence a three-year lease
£825 PCM
Total monthly rent upon sale of the property:
£2,625 PCM
In total
£2,625 PCM
£31,500 per annum.
Apart from the new owner insuring the property, the above-stated total rental income is a nett figure, as all running costs, utilities and maintenance costs are covered by the tenants on a proportionate basis as detailed in their business lease.
Sector
Commercial
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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