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12 bed flat
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/fh
Description
This property, located on Sandgate Road in Folkestone, is a mixed-use commercial building with a total floor area of 9544 sq ft. The property is situated in a prime location, adjacent to Folca (former Debenhams) and within walking distance to Folkestone's shopping centre, Bouverie Place, which features a range of national retailers and restaurants. The property has planning permission to convert the upper floors from retail to residential use, creating eight flats, while the ground floor remains occupied on a five-year lease. The town centre is undergoing regeneration projects, including a £19.7 million overhaul to improve shopping areas, an upgraded bus station, and a new public green space. The property's proximity to these projects and its location in the heart of Folkestone's shopping parade make it an attractive investment opportunity.