Freehold | Substantial Investment Opportunity | Approx. 3,082 sq.ft. (286.3 sq.m.) | Existing Income Producing Property | Residential EPC: C
Occupying a prominent position within one of Folkestone's most exciting and rapidly evolving neighbourhoods, this substantial freehold period building presents an outstanding opportunity to acquire a sizeable property with immediate income, extensive accommodation and excellent long-term investment potential.
Situated on the increasingly fashionable Tontine Street, just moments from Folkestone Harbour, the Creative Quarter, Harbour Arm and Sunny Sands Beach, the property extends to approximately 3,082 sq.ft. (286.3 sq.m.) over five floors, offering buyers an exciting opportunity to create a truly unique residential investment within one of Kent's most sought-after coastal locations.
The property already benefits from an established income of £10,000 per annum, providing an immediate return whilst allowing the next owner to consider the many possibilities available throughout the remainder of the building.
Whether you're looking to create an impressive coastal home, convert the accommodation into luxury apartments (subject to the necessary consents), establish serviced accommodation or expand an existing property portfolio, opportunities offering this level of flexibility and scale are becoming increasingly difficult to find.
Arranged across multiple levels, the accommodation provides generous internal space with a versatile layout capable of adapting to a variety of residential requirements.
The existing accommodation currently includes:
The generous proportions allow purchasers to explore numerous possibilities, including:
With over 3,000 sq.ft. of accommodation already in place, the property offers exciting potential for refurbishment, reconfiguration or redevelopment, subject to obtaining any necessary planning permissions and building regulation approvals.
The combination of existing income together with future residential potential makes this an increasingly rare opportunity within Folkestone's thriving property market.
Tontine Street forms part of Folkestone's celebrated regeneration area and has become one of the town's most desirable locations, combining independent businesses, cafés, galleries, restaurants and cultural attractions with a vibrant coastal lifestyle.
Everything is within easy walking distance, including:
Continued investment throughout this part of Folkestone has created strong demand for quality residential accommodation, making this an attractive proposition for both owner-occupiers and investors.
Income-producing element currently generating £10,000 per annum.
On-street parking is available nearby, with privately rented parking spaces understood to be available to the rear, subject to separate agreement and availability.
Guide Price: £580,000
Tenure: Freehold
Current Income: £10,000 per annum
Residential EPC: C
Parking: On-street parking nearby with potential privately rented spaces to the rear (subject to availability).
Buildings of this scale, flexibility and location rarely become available. Combining immediate income with extensive residential accommodation and exciting future potential, 33 Tontine Street represents a unique opportunity to acquire a landmark property within one of Folkestone's most desirable regeneration areas.
*At the time of an offer being accepted on a property marketed by Your Key Move LTD, the purchaser(s) will need to provide documentation in order for us to undertake the necessary identification checks, in order to adhere to our obligation under the Anti Money Laundering Regulations (AML). This is a legal requirement and we will not proceed with a buyer(s) until these checks have been carried out. Your Key Move LTD uses a specialist third party service to verify identities. The cost of these checks is £50 plus VAT per purchase, which has to be paid in advance when an offer is agreed and will be prior to a sales memorandum being issued to solicitors. This fee is non-refundable. Any questions on this should be asked prior to placing an offer.
*We have not conducted a structural survey, and the appliances and services remain untested. All dimensions are approximate, and floor plans are for reference only, not to scale. It is recommended to seek legal advice to confirm the details of fixtures, fittings, planning, alterations, and/or lease terms prior to moving forward.
