3 George Lane 1,151 SF 100% Leased Retail Building Folkestone CT20 1RH £350,000 (£304.08/SF) 8.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- A prominent restaurant and 3 flats
- With fantastic connections to local transport links
- Situated in the heart of Folkestone Town Centre
EXECUTIVE SUMMARY
Offers in Excess of £350,000 for the freehold interest of the premises.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
1,151 SF
Building Class
C
Year Built
1960
Price
£350,000
Price Per SF
£304.08
Net Initial Yield
8.50%
NOI
£29,750
Percent Leased
100%
Number of Floors
1
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NEARBY MAJOR RETAILERS
