Block of apartments for sale

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Block of apartments for sale

1 St Michael's Street, Folkestone, Kent, CT20 1LL
£150,000

Our Summary

  • Auction Sale - 17/06/2025
  • Potential to increase rents

Description

This property is a four-storey end-of-terrace building located near the junction of St Michael's Street and Dover Road in Folkestone. The building is arranged to provide four self-contained flats, each with one bedroom, kitchen, and bathroom/wc. The property benefits from a rear garden and is well-located for shopping and recreational amenities in the centre of Folkestone, including the seafront and East Cliff and Warren Country Park. The flats are let on assured shorthold tenancies, with the current rent income being £18,824 per annum. The tenants are holding over on their current tenancies, which are set to expire at various dates between 2012 and 2020.