Folkestone Investment Sale

December 5, 2011

A private investor client of Mason Philips has sold a 9,870 sq ft trade counter unit with offices in Park Farm Industrial Estate, Folkestone, Kent for £1.105 million, reflecting a net initial yield of 6.41.%.

The property comprises 8,492 sq ft let to Travis Perkins (Properties) Ltd, trading as Tile Giant, on a 15-year lease from December 2006 at a rent of £65,000 pa and 1,378 sq ft of first and second floor offices let to Family Matters Fostering.  The rent is £10,000 a year on a 15-year lease from September 2007.

KA Property advised the private purchaser.

–          Ends  –

Latest News

SPECIALIST AUTHORISED REPAIR CENTRE TAKES PORTSMOUTH SHOWROOM

May 29, 2025 - 09:34

Bids Estates, advised by Hellier Langston, has let a showroom and workshop facility on Compass Road, Northarbour Portsmouth to Glenrands Limited, an authorised Jaguar Land Rover repairer. The new faci[...]

+ Read More

ARC Sells Reading Logistics Site to Graftongate and JP Morgan

May 21, 2025 - 11:31

In a significant deal for the Thames Valley Advanced Research Cluster (ARC) owned by global alternative asset manager Brookfield, advised by Haslams Surveyors LLP, has sold Reading International Logis[...]

+ Read More

Span Group in partnership with Pearl and Coutts secures The Traitors: Live Experience for the Arclight, Shorts Gardens, Covent Garden

May 19, 2025 - 11:07

Dynamo Hall set to hold the live playable version of the widely successful TV series The brand-new reality game experience The Traitors: Live Experience (inspired by hit TV series The Traitors), has s[...]

+ Read More

CONTACT

CALL US

+44 (0)20 7647 4420

ADDRESS

25 Westwood Road, Newbury, Berkshire, Newbury, RG14 7TH