Land

Our Summary

• Outstanding development potential (STPP)
• Tontine Street, Folkestone, Kent CT20 1JUGuide Price £580,000Freehold | Mixed-Use Investment Opportunity | Commercial Premises with Extensive Residential Accommodation | Commercial Let Producing £10,000 Per Annum | EPC C (Residential) | Commercial EPC tbcA Landmark Mixed-Use Investment in the Heart of Folkestone's Regeneration ZoneSituated 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
• ) 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
• The existing layout lends itself to numerous possibilities including:Creation of luxury duplex apartmentsMultiple self-contained apartments (subject to consent)Holiday accommodationLarge executive residence above commercial premisesLive/work environmentMulti-generational accommodationHigh-end serviced apartmentsInvestment portfolio expansionThe 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
• Outstanding Development PotentialWith accommodation spread across approximately 3,082 sq
• Subject to obtaining the appropriate planning permissions and building regulation approvals, purchasers may wish to explore opportunities including:Conversion into several apartmentsEnhancement of the existing residential accommodationReconfiguration to maximise rental yieldsPremium short-term holiday accommodationMixed commercial and residential redevelopmentThe combination of existing income together with future development potential creates an increasingly rare opportunity within this thriving coastal town
• )Outstanding development potential (STPP)Highly desirable Creative Quarter locationWalking distance to Harbour Arm & beachesExcellent High Speed rail connectionsFlexible residential accommodationStrong capital growth prospectsRare opportunity within central FolkestoneProperty InformationGuide Price: £580,000Tenure: FreeholdCommercial Income: £10,000 per annumResidential EPC: CCommercial EPC: To Be ConfirmedParking: On-street parking available
• Your Key Move Ltd - Award-Winning Folkestone Estate AgentsProperties 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