70-72 Sandgate Road Folkestone Kent CT20 2AA

70-72 Sandgate Road
Folkestone
Kent
CT20 2AA

Freehold Bank Investment

Entirely let to Halifax Limited until 2021 (no breaks)
Important and established English Channel Port
Prominent town centre location
Nearby occupiers include Debenhams, Superdrug, WH Smith, NatWest and Barclays Banks
Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>

Lot
34
Auction
11th December 2014
Rent
£75,000 per Annum Exclusive
Status
Sold
Price
£850,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Bank Investment

Entirely let to Halifax Limited until 2021 (no breaks)
Important and established English Channel Port
Prominent town centre location
Nearby occupiers include Debenhams, Superdrug, WH Smith, NatWest and Barclays Banks
Legal Title Report <a href="/media/32026/legal title report v4.pdf" target="_blank" title="Legal Title Report V4">here</a>

Lot 34
Auction 11th December 2014
Rent £75,000 per Annum Exclusive
Status Sold
Price £850,000
Sector
Bank
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 7 miles south-west of Dover; 15 miles south-east of Ashford
Roads: M20 (Junction 13), A259, A20
Rail: Folkestone Central Rail Station, Folkestone International (Eurotunnel) Station
Air: London Gatwick Airport

Situation

Folkestone is an established English Channel port located on the south Kent coast. The town benefits from a new high speed railway line between London St Pancras and Folkestone Central and the terminus of the Eurotunnel is located two miles north-west of the town centre. The property is prominently situated on the north side of Sandgate Road close to its junction with Bouverie Place and West Terrace.
Nearby occupiers include Debenhams, Superdrug, WH Smith, NatWest and Barclays Banks. The property further benefits from being close to the Bouverie Place Shopping Centre with retailers including Primark, TK Maxx, The Body Shop and Next.

Tenure

Freehold.

Location

Miles: 7 miles south-west of Dover; 15 miles south-east of Ashford
Roads: M20 (Junction 13), A259, A20
Rail: Folkestone Central Rail Station, Folkestone International (Eurotunnel) Station
Air: London Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors. Additionally, the property benefits from customer meeting rooms on part of the first floor and further ancillary accommodation in the basement.

Legal Title Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Basement Ground First Second	Ancillary Banking Hall Office/Ancillary Office/Ancillary	193.00 sq m 197.00 sq m 165.00 sq m 34.00 sq m	(2,077 sq ft) (2,120 sq ft) (1,776 sq ft) (366 sq ft)	HALIFAX LIMITED (1)	15 years from 03/10/2006 until 2021 on a full repairing and insuring lease	£75,000	03/10/2016
Totals		589.00 sq m	(6,339 sq ft)			£75,000

(1) Halifax Limited (formerly Halifax plc) was established in 1852 and currently trades from approximately 800 branches in the UK and are
ultimately owned by Lloyds Banking Group plc (www.halifax.co.uk 10/11/2014).