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Paddy Power, Folkestone

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

Basic Facts

Property ID: 4263 Post Updated: 2019-06-24 10:41:35
Status: Type:
Tenure: Virtual Freehold Gross Rent: £ 27,500
Gross Yield %: 6.5 Lease Term: 10 years from Apr '14

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.

Features

Blue-chip tenant
New Development
Under £500k
Virtual Freehold

View on Map

Current Opportunities

Current Opportunity

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