The Parade, Folkestone, CT20 1SN 4 bed property with land for sale

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The Parade, Folkestone, CT20 1SN 4 bed property with land for sale

The Parade, Folkestone, CT20 1SN
£35,000

Our Summary

  • Freehold ground rent investment WITH DEVELOPMENT POTENTIAL
  • PLANNING PERMISSION GRANTED to create two penthouse apartments in the roof space

Description

This property is a freehold block of 15 flats and 15 garages, all sold off on long leases, with a current ground rent income of £1,900 per annum. Additionally, planning permission has been granted to develop the roof space into two penthouse apartments, each with two bedrooms and sea views. This presents a unique investment opportunity with potential for development and increased revenue.
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