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Studio 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 presents a rare and substantial property opportunity in Folkestone's Creative Quarter, boasting three street frontages and a prominent corner location. The property comprises six flats, a nightclub, a snooker bar, and a takeaway shop, with the potential to extend and refurbish the existing flats. The site spans approximately 0.25 acres and offers a range of income streams, including residential rentals, a takeaway shop, and a nightclub. The property is situated near the Folkestone Harbour Arm, which attracts over 100,000 visitors annually, and is within walking distance to public car parks and the town centre. With its unique combination of commercial and residential uses, this property offers a significant investment opportunity in a thriving area.