Freehold | Mixed-Use Investment Opportunity | Commercial Premises with Extensive Residential Accommodation | Commercial Let Producing £10,000 Per Annum | EPC C (Residential) | Commercial EPC TBC
Situated within one of Folkestone's most vibrant and rapidly evolving locations, Tontine Street presents an exceptional opportunity to acquire a substantial freehold mixed-use building offering immediate rental income, outstanding development potential and long-term investment appeal.
Occupying a prominent position on the highly regarded Tontine Street, just moments from Folkestone Harbour, the Creative Quarter, Harbour Arm, beaches and High Speed rail links to London, this impressive period building extends to approximately 3,082 sq.ft. (286.3 sq.m.) over five floors and provides an exciting opportunity for investors, developers and owner-occupiers alike.
The commercial premises at ground floor level are already successfully let to an established independent business, generating £10,000 per annum, providing an immediate income stream from day one whilst leaving the extensive upper floors available for a wide variety of future uses, subject to any necessary consents.
Whether your ambition is to create a spectacular coastal residence, multiple luxury apartments, serviced accommodation, holiday lets, live/work accommodation or simply maximise the existing mixed-use configuration, opportunities of this scale and flexibility rarely become available within such a sought-after location.
The ground floor retail premises enjoys an excellent frontage onto bustling Tontine Street and is occupied by a successful independent business under a lease producing £10,000 per annum, offering purchasers an immediate return whilst plans are considered for the remainder of the building.
This income-producing commercial element provides an excellent foundation for investors seeking both yield today and significant capital growth potential in the future.
Accessed independently from the commercial premises, the upper floors currently provide extensive residential accommodation extending across four levels.
The accommodation includes generous reception rooms, kitchen facilities, numerous bedrooms and bathrooms together with an impressive top floor offering outstanding proportions and flexibility.
The existing layout lends itself to numerous possibilities including:
The versatility of the internal accommodation is one of the property's greatest strengths and allows purchasers to tailor the building to suit their own investment strategy.
With accommodation spread across approximately 3,082 sq.ft., this substantial period building represents one of the larger mixed-use opportunities currently available within central Folkestone.
Subject to obtaining the appropriate planning permissions and building regulation approvals, purchasers may wish to explore opportunities including:
The combination of existing income together with future development potential creates an increasingly rare opportunity within this thriving coastal town.
Tontine Street has become one of Folkestone's most exciting destinations and forms the gateway to the internationally recognised Creative Quarter.
Independent cafés, restaurants, galleries, artisan shops and cultural venues line the surrounding streets, whilst the award-winning Harbour Arm continues to attract visitors from across the South East.
The property enjoys immediate access to:
As Folkestone continues to benefit from significant inward investment and regeneration, demand for both residential accommodation and commercial premises within this area remains exceptionally strong.
Commercial Ground Floor
Residential Accommodation
On-street parking is available nearby, whilst prospective purchasers may also wish to investigate the availability of privately rented parking spaces to the rear of the property.
Guide Price: £580,000
Tenure: Freehold
Commercial Income: £10,000 per annum
Residential EPC: C
Commercial EPC: To Be Confirmed
Parking: On-street parking available. Potential privately rented parking spaces to the rear (subject to availability).
Properties offering an immediate commercial income together with substantial residential accommodation and significant development potential are exceptionally rare. Whether you are an experienced investor, developer or entrepreneur seeking a landmark building within one of Kent's fastest-growing coastal destinations, 33 Tontine Street represents an outstanding opportunity to secure a highly versatile asset with exciting future potential.
To arrange your viewing, contact Your Key Move Ltd, Folkestone Estate Agents today on 01303 488878 or visit www.yourkeymove.co.uk
*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.
