Paddy Power, Folkestone

 

42 Cheriton High Street, Cheriton, Kent, CT19 4ET

Offers in excess of
£425,000
Available
Type - Commercial
Tenant type - Betting Shops
  • Tenure: Virtual Freehold
  • Gross Rent: £27,500
  • Gross Yield: 6.5%
  • Lease Term: 10 years from Apr '14
  • Brand new unit

Property Description

  • Virtual freehold, blue-chip betting shop investment in the South East
  • Brand new, purpose-built retail unit fitted out to the tenant’s new format
  • The property is arranged on the ground floor only, within a 2 storey property that includes the adjacent commercial unit which is also available for sale with details here

Location Description

  • The property is well-located on the busy Cheriton High Street adjacent to the Post Office, Paydens Chemist, Lloyds TSB Bank, and Coral bookmakers.
  • Cheriton High Street is the main road which connects Jct 12 of the M20 Motorway to Folkestone town centre
  • The area is predominantly a residential suburb, and benefits from its close proximity to Folkestone West railway station
  • The headquarters of the Royal Gurkha Rifles is based in Cheriton's Shorncliffe Camp military barracks, and many of its residents have a high propensity to gamble, and numerous boomakers occupy this high street.
  • Cheriton is also famous for being the location of the English side of the Channel Tunnel which connects Britain to France.

Tenancy & Accommodation Schedule

Tenancy & Accommodation Schedule

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Your Agent for this listing

Nilesh (2)

Nilesh Patel ACA

0203 113 2142
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