This freehold property is located on the corner of Tangier Road and Folkestone Road which comprises a first floor flat and ground floor retail unit. The first floor flat is sold under the terms of a 99-year lease from 2012 and the retail unit is currently let to the well known national bookmaker Betfred under the terms of a fully repairing and insuring lease which expires in April 2027.
Also included in the lot is the garage to the rear, which is currently vacant but could be let to increase the annual income or sold into the local market.
Tenure
Residential
Sold under the terms of a 99- year lease from 24th June 2012.
Commercial Tenancy
Occupied under the terms of a six-year commercial lease from 20th April 2021 at an annual rent of £9,500.