Shop
£37,500 PA
Sandgate Road,Folkestone,CT20
37 Sandgate Road is located within the prime area of Folkestone’s main pedestrian shopping parade opposite Boots and Job Centre Plus attracting a large amount of footfall.
Folkestone's shopping centre, Bouverie Place is within 100m with occupiers such as Primark, Asda, New Look, JD Sports and Sports Direct.
There are other national stores in the vicinity such as Bon Marche, Waterstone's and Costa as well as a number of restaurants and cafes. Folkestone is a conveniently located coastal Town that has train links via HS1 in under 1 hour to London St Pancras, the Channel Tunnel service to France and the port of Dover within 10 miles to the East.
Folkestone has a number of regeneration projects with the development of Folkestone Seafront with over 700 apartments and the town of Otterpool as a new Garden Town in the next 25 years. www.folkestoneseafront.com and www.otterpoolpark.org. The property is also 50 yards from the former Debenhams site which has been acquired by Folkestone & Hythe District Council for redevelopment.
It was announced on 18/01/2023, that Folkestone and Hythe District Council have been awarded £19.7 million for a major overhaul of Folkestone’s town centre to improve shopping areas, an upgraded bus station and a new public green space to encourage businesses and visitors into the area.
The funding is for the three following projects:
1. Station Arrival and Town Centre Connections:
This element of the project aims to improve the links from the railway station for pedestrians and cyclists to encourage use of active travel and public transport and to improve connections for visitors and residents alike.
2. Improved Gateway to the Town Centre and Bouverie Square:
This component of the project will unlock transformational change around the town centre. The focus will be to reconfigure the main bus station in the town centre and implement changes to the legacy gyratory road system to the north.
The money will enable a sustainable, attractive and welcoming gateway to be created for Folkestone town centre with a green park replacing the bus station in Bouverie Square.
The exciting and ambitious project will see Shellons Street become two-way with bus stops and bays replacing the bus station. Better signage and obvious walking links will connect visitors to a greener, more vibrant Sandgate Road and Guildhall Street shopping area.
3. Folca, Sandgate Road and Town Centre Public Realm:
This element of the project will refurbish the Folca building (the former Debenhams building) into a ‘town lab’ which will encourage and bring new and experimental uses into the town centre. The phased refurbishment of this building will bring a currently redundant building back into use in the town centre and reactivate this part of the high street. It will also improve the public realm on Sandgate Road to encourage footfall in this area of the town centre.
The funding will also enable the second phase of Folca to be progressed by establishing new uses for the site, with an intended focus on public services, retail, leisure and business uses for the rejuvenated building.
There is a short video of the future of Folkestone here: https://videopress.com/v/TRDRtx4S
The subject property a commercial building totalling 295 sq m (3,174 sq ft) in the heart of Folkestone town centre. The subject property is a ground floor retail unit with basement ancillary accommodation of 96 sq m (1,032 sq ft). The unit provides open plan ground floor sales accommodation with a small office to the rear. There is a stairwell access to the basement which is currently used for further storage and staff accommodation, this is accessed via the retail area. There is also the potential for first floor storage. The existing staircase has been removed however can be reinstated.
The premises will be ready for a tenant fit out and will benefit from a new suspended ceiling with LED lighting, an air conditioning system and amtico flooring within the retail area, the rear of the property benefits from storage space and an office, the basements consists of ancillary storage and w/c facilities.
Accommodation Approx. Net Internal Area
Retail: 192 sq m
Store: 7 sq m
Basement: 96 sq m
Total: 295 sq m (3,174 sq ft)
Floorplans available upon request.
Business Rates: We understand from the Valuation Office Agency that the property has a current Rateable Value of £25,750 effective from 1st April 2023.
Services: We understand mains drainage, water and electricity are connected to the premises.
Energy Performance Certificate: We note from the Non Domestic EPC Register, that the property has a rating of (99 - D) valid until 28th October 2023. For the full recommendation report, please enquire.
The premises are available on a new FRI lease at an annual rent of £37,500 per annum (plus VAT). The length of lease is negotiable.
Service Charge and Building's Insurance to be payable by the tenant.
Deposit payable, the amount is to be confirmed dependent on tenant circumstance.
Legal Costs: Each party to pay their own legal costs.
Viewings Strictly by appointment through Motis Estates Commercial Agents in Folkestone - 01303 212020 or commercial@motis-estates.com.
VACANT POSSESSION UPON COMPLETION SUBJECT TO CONTRACT (This firm operates a Complaints Handling Procedure, details of which are available upon request).
IMPORTANT NOTICE FROM MOTIS ESTATES
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
Motis Estates Incorporating H. Wald & Co
102 Sandgate Road
Folkestone
Kent
CT20 2BW
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