Sold

22-26 Sandgate Road, Folkestone, Kent

South East

dba253

Mixed Use
£4,814,000

Tenure: Freehold
Tenancy: Multi Let

Investment summary

•Prime retail unit situated on Folkestone’s pedestrianised Sandgate Road.

•Attractive initial yield of 6.00% net of purchase costs at 5.7625%.

•Leased to the substantial covenants of Boots The Chemist Limited and Saga Group Limited.

•Situated adjacent to the 200,000 sq ft Bouverie Place Shopping Centre that is scheduled to open in November 2007. This scheme will concentrate Folkestone’s prime retailing pitch.

•Low base rents of only £6.75 per sq ft overall on the retail (taking into account the 5.0% addition for fittings) and £5.46 per sq ft on the offices.

•Low capital value of only £108.23 per sq ft overall.

•Limited supply of large format retail units in the town centre provides lease regearing opportunities with Boots.

•Potential to convert offices to higher value residential uses subject to planning.

Contact us for further information
Telephone: +4420 7323 1010
Facsimile: +4420 7323 6600
Email: info@dbaprop.co.uk
Website: www.dbaprop.co.uk

Address:
DBA
91 Wimpole Street
London
W1G 0EF


Misrepresentation Clause

DBA Advisors Ltd for themselves, their Associated Companies, their employees and for the vendors or lessors of the properties whose agents they are give notice that:
1. All particulars or properties provided are given as a general outline only for the guidance of intending purchaser, lessee or tenant, and do not constitute, nor constitute part of, an offer or contract.
Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility on the part of David Baroukh Associates their Associated Companies, their employees and or the vendors or lessors as the case may be.
2. None of the statements contained in any particulars is to be relied upon as a statement or representation of fact.
3. Any intending purchaser or lessee or tenant should not rely on any particulars provided by us and must satisfy themselves by inspection or otherwise as to the correctness of each statement made in such particulars.
4. The vendor or lessor (as the case may be) do not make or give and neither DBA Advisors Ltd, their Associated Companies or any person in their employment have any authority to make or give any representation or warranty whatever in relation to any properties.