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Tontine Street, Folkestone, CT20 3 bed flat for sale
Tontine Street, Folkestone, CT20
£1,800,000
Tontine Street, Folkestone, CT20
£1,800,000
Our Summary
- 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
- Investment Opportunity
- Potential for Owner Occupier
Description
Motis Estates is proud to present a rare and substantial investment opportunity in a prominent harbourside location in Folkestone. The property, with three street frontages, comprises six flats, a nightclub, a snooker bar, and a takeaway, and has been on the market for the first time in nearly 60 years. The property is situated in the Creative Quarter, with excellent transport links and proximity to the Folkestone Harbour Arm, which attracts over 100,000 visitors annually. The approximately 0.25-acre site offers potential for development and refurbishment of the current flats, as well as opportunities for the nightclub, takeaway, and snooker hall. The property generates a total potential income of £128,700 per annum, with the potential to increase this figure through full occupation and development. With its unique location and diverse range of uses, this property presents a rare and exciting investment opportunity.