The warehouse is of steel portal frame construction with brick and block infill elevations beneath a part insulated pitched roof with skylights, a lean-to extension to the rear of similar construction with an adjacent single storey flat roof self-contained brick cavity unit to the side.
The premises benefits from eaves height of 3.4 metres, vehicular access to both sides extending to the rear part of the unit for loading, a prominent roadside position, large area for parking to the front, full height roller shutter to the rear and office mezzanine. The property is located with a total site area of approx. 0.6 acres.
( Agency Pilot Software Ref: 201426 )
Location
The property is strategically located fronting onto Park Farm Road adjacent the former Silver Spring Factory site opposite to Jenner, Park Farm Joinery and Walker construction. The site is located in close proximity to Junction 13 of the M20 motorway and the nearby Channel Tunnel Terminal. Folkestone town centre is approximately one mile to the south, with Ashford and Dover being within approximately 13 and 8 miles respectively.
Folkestone is linked to London Stratford and St Pancras via the high speed rail link with a journey time of under 1 hour from Folkestone West Station. The warehouse is situated within the Park Farm Estate, an established location for retailers and trade counter operators. The premises are situated adjacent to Homebase and nearby retailers include Sainsburys, Halfords and Pets at Home. Other trade counter occupiers in close proximity include Screwfix, Tile Giant, Bookers, Hire Base, and Benchmarx.
Accommodation
Planning – Folkestone Gateway The property is located directly adjacent to the former Silver Spring factory site which has just been granted planning consent for development. Application Y18/0066/SH was Approved with Conditions by Folkestone & Hythe District Council on 5th June 2018. Phase One consists of a mixed retail development site of 3.8 hectares containing plans for a 131 bed hotel (4,979 sq. m GIA), 2 drive thru units (451 sq. m GIA) and restaurant and café units adjacent to the hotel (847 sq. m GIA), outlined in red. As shown in the proposed plans above the available site is outlined in blue. Phase Two design proposals which would share boundaries with the subject site proposes a number of multi storey (B1a) offices premises and further A3 premises, all of which are subject to planning and agreement.
The warehouse is of steel portal frame construction with brick and block infill elevations beneath a part insulated pitched roof with skylights, a lean-to extension to the rear of similar construction with an adjacent single storey flat roof self-contained brick cavity unit to the side. The premises benefits from eaves height of 3.4 metres, vehicular access to both sides extending to the rear part of the unit for loading, a prominent roadside position, large area for parking to the front, full height roller shutter to the rear and office mezzanine. The property is located with a total site area of approx. 0.6 acres.
Main Bay Warehouse 6,638 sq. ft. (616.72 sq. m)
Lean to Warehouse 2,543 sq. ft. (236.19 sq. m)
Single Storey Unit 1,551 sq. ft. (144.01 sq. m)
Office Mezzanine 569 sq. ft. (52.82 sq. m)
Terms
Price £640,000 Freehold
Tenure Freehold
VAT All figures are exclusive of VAT which will be charged at the prevailing rate.
Legal Costs Each side to bear its own legal and professional costs.
EPC The premises have been assessed as a Band C, scoring 74 on the scale devised by HMG.
Rateable Value The premises are currently split in to two separate premises with rateable values of £31,750 and £10,250. The uniform business rate multiplier for the year 2020/21 is XXX. (