Being Sold via Secure Sale online bidding. Terms & Conditions apply.
Extremely Exciting Investment Opportunity For Prime Real Estate In Folkestone Town Centre.
For sale, two huge buildings consisting of two shops and multiple levels of residential spaces located in the very heart of the up and coming Folkestone town centre
These properties consist of two commercial shops on the ground floor (currently converted into one large space) with a large basement (again opens up to create one large basement) and three/four further floors set over the two properties.
With planning permission already granted to create a large mixture of various size modern flats and even a three storey town house, there is great potential for an investor here. The photos and floorplans on this listing give a better overview of what the current buildings layout and granted planning permission development consist of, so we really would encourage you to look at these carefully before reading on.
Note - the internal photos have been created to give an impression of how the flats could look when completed and do not represent the current state as this work has yet to be completed.
There are a wide range of possibilities for the owner to sell these concerns individually, separately or other various rental options.
Work has already commenced, so we would highly recommend that any interested parties contact us to arrange for a viewing in person with us and the current developers to be able to fully appreciate the scale and potential.
The two shops units are currently occupied and producing a good rental return with the current tenant keen to be able to continue renting from the new owner if applicable.
This exciting development comprises two properties, but there is also the potential for each to be purchased separately at the cost of £500,000. Additionally there is the option to purchase individual elements of the properties, but as this listing is for the full freehold and both properties in completeness, this really does lend itself to the most profitable and exciting option for a new owner in our opinion.
Location wise, Guildhall street is perfectly situated in the heart of the town centre and just 10 minutes walk to Folkestone Central train station (with direct high-speed rail links to London St Pancras in under an hour). The famous Leas Promenade with coastal paths leading to the beach is but a ten minute walk away as well only a five minute walk down the old high street to the regenerated Harbour Arm and Creative Quarter. With the close proximity of Folkestone Central station, nearby transport links include the Eurotunnel, the M20 and Dover Ferry Port these premises in Folkestone are sure to appeal.
Viewings are strictly by appointment and only through sole Folkestone estate agents Your Key Move
Please note, any viewings or offers that take place from this moment must be placed through the auction T&Cs as per the Sellers agreement.