Sponsored Get a Survey — free quotes via ReallyMoving
12 bed flat
Next Steps
Sponsored — free quotes via ReallyMoving
Get a Survey
Check the property matches the approved plans — compare up to 5 quotes
Price History
Our Summary
- Investment Opportunity
- Potential for Owner Occupier
- Motis Estates are proud to advertise a prominent corner location property with three street frontages which is an ideal investment opportunity which consists of six flats, a nightclub, a snooker bar and takeaway at the front which has been offered for the first time in nearly 60 years
- There is development opportunity to extend the property at the rear of the land and to refurbish the current flats - STPPThe property is situated in the Creative Quarter within Tontine Street, with fantastic connections to local transport links, and Folkestone Central, taking you to London in less than an hour
- 25 acre site comprises the following individual elements: - Nightclub (which is the only premises in Folkestone which holds a licence until 3am)- Takeaway bar - 6 residential flats - Snooker hall/social club - Land at the rearThere is also the potential to purchase a separate garage/store for £25,000 at the rear of the property
Get alerted when similar properties are listed — Subscribe
Description
This prominent corner location property in Folkestone's Creative Quarter offers a unique investment opportunity, comprising six flats, a nightclub, a snooker bar, and a takeaway. The property has been offered for the first time in nearly 60 years and presents a rare and substantial offering in a highly sought-after harbourside location. The property has potential for development at the rear and refurbishment of the current flats, subject to planning permission.
With three street frontages and a total site area of approximately 0.25 acres, the property offers a range of opportunities for investors and developers. The property is situated in the heart of Folkestone, with excellent transport links to London and a thriving town centre with a variety of retail and leisure options. The property generates a total potential income of £128,700 per annum, once fully occupied, and offers a unique chance to own a piece of Folkestone's history.