>
Sandgate Road, Folkestone, CT20 12 bed flat for sale
Sandgate Road, Folkestone, CT20
£750,000
Sandgate Road, Folkestone, CT20
£750,000
Our Summary
- The property is also 50 yards from the former Debenhams site which has been acquired by Folkestone & Hythe District Council for redevelopment
- The subject property is a mixed use commercial building totalling 9544 sq ft with planning permission for 8 flats
- Planning Application: 23/0727/FHProposal: Change of use and conversion of the upper floors from retail (class E) to create four self-contained one bed flats and four two bed flats (class C3) including the erection of an extension from first to fourth floor and other external alterations
Description
This property, located on Sandgate Road in Folkestone's main pedestrian shopping parade, benefits from high footfall and proximity to national stores, restaurants, and cafes. The town has a rich history, with regeneration projects underway, including the development of Folkestone Seafront and the creation of a new Garden Town at Otterpool. The property itself is a mixed-use commercial building with planning permission to convert the upper floors into eight residential units, while maintaining the commercial spaces. The ground floor is currently occupied on a five-year lease, and the proposal aims to create a new commercial office space at the first floor. The town is also undergoing a major overhaul, with a £19.7 million funding injection to improve shopping areas, the bus station, and public green spaces, which is expected to bring new businesses and visitors to the area.