0 bed Retail Property in Cheriton place , Folkestone, CT20 2AZ £94,500

Property Ref: 17124 Prime Commercial Investment Opportunity Folkestone High Footfall Location Price: £94,500. A rare chance to acquire a well-positioned commercial investment in the heart of Folkestone’s thriving town centre, situated on a busy and established commercial street with exceptional pedestrian footfall. This compact but versatile retail unit extends to 292 sq ft (27.13 m²) and is surrounded by a strong mix of independent businesses, bars, cafés, and restaurants. Immediately adjacent is Massimo’s Ice cream parlour, Folkestone’s most popular ice cream, generating significant seasonal queues and consistent passing trade that directly benefits the unit. The wider area sits within Folkestone’s ongoing regeneration zone, with continued town centre improvements, Creative Quarter expansion, and seafront investment enhancing long-term commercial demand and visibility. Investment Highlights: Asking price: £94,500 Lease: 999 years from 2017 Current rent: £750 PCM (tenant in place until Jan 2027 but could leave earlier if preferred) Net yield: approx. 9% Small Business Rates Relief: effectively business rates exempt (subject to qualification) Low running costs: £302.50 twice yearly (includes ground rent, service charge & insurance) Recently upgraded with £70,000+ spent on roof and façade works Property Features Recessed, inviting shop frontage High ceilings over 4 metres – potential for mezzanine installation. This arrangement exists in neighbouring twin premises. Small kitchenette or storage room and W.C. Flexible layout suitable for plenty of uses Location: Cheriton Place, Folkestone Positioned in one of Folkestone’s most active commercial corridors, the property benefits from: High daily footfall and strong local trade Moments from Sandgate Road, the town’s principal retail artery Walking distance to Folkestone Central station (High Speed rail to London St Pancras in under 1 hour) Excellent public transport links and nearby car parking Folkestone continues to undergo significant regeneration, with growing visitor numbers across the Harbour Arm, seafront, Creative Quarter, and town centre. This transformation is driving increased demand for well-located commercial units in established trading positions such as Cheriton Place. Investment Appeal This property offers a low entry price point into commercial property ownership, making it ideal for: First-time commercial investors Portfolio diversification Low-capital, high-yield investment strategies Hands-off landlords seeking stable, professionally let income With an attractive yield and minimal overheads, this is a straightforward, income-producing asset in a rapidly improving coastal town. A rare opportunity to secure a well-located, income-generating commercial unit in one of Kent’s most dynamic regeneration hotspots..