Summary - FLAT 5, 28-30, SANDGATE ROAD CT20 1DP
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Expansive retail property in a vibrant pedestrianized area
- Total space of 3,923 sq ft (364.50 sq m) with high ceilings and large Georgian windows
- Vacant possession available, with excellent rental potential (ERV of £30,000 p.a., GIY of 10.00%)
- Suitable for various uses under Class E, offering flexibility for future developments
- Leasehold tenure with a generous 999 years remaining, ground rent at a peppercorn rate
- Prime location with nearby amenities including popular retailers and eateries
**Potential Concerns:**
- Current interior is unfinished and requires renovation and modernization
- Located in an area of very high crime and significant deprivation
**Summary Description:**
Unlock the potential of this substantial retail property located on the bustling Sandgate Road in Folkestone. Spanning an impressive 3,923 sq ft, the building features unique Georgian design elements, including large windows that promise excellent visibility for any retail venture. With its prime position in a lively commercial district, it enjoys high foot traffic and proximity to established brands such as Costa Coffee and Waterstones, making it a strategic investment opportunity.
While the property is currently vacant and in need of renovation, this offers a blank canvas for an investor or entrepreneur to tailor the space to their specific needs. The generous leasehold terms enhance this property's attractiveness, providing unparalleled security and flexibility for the future. However, potential buyers should be aware of the surrounding area's high crime rate and socioeconomic challenges. This is an ideal investment for those looking to make a mark in a thriving urban center—don’t miss out on this chance to transform this space into your vision for success.
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