Initial price	£320,000
29/01/25	£299,000
Price Change	-6.56%

This property is a three-bedroom maisonette and commercial shop located less than a mile from Folkestone Central station, offered as an investment opportunity with a 7.5% yield. The property features a ground floor retail shop with a separate access to the three-bedroom maisonette, which has a bathroom, kitchen, open-plan living and dining room, and three bedrooms with built-in storage. The shop is currently leased on a FRI lease at £10,500 per annum, with a 5-year lease renewal from 2023. The maisonette is let on an AST at £995 per month, with all rent paid on-time. The property has gas central heating, double glazing, and a small decking area. The property is rated E for energy efficiency and has a rateable value of £7,000, making it eligible for Small Business Rates Relief. The asking price is £299,000, and viewings are strictly by appointment through Motis Estates Chartered Surveyors in Folkestone.