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Burnap & Abel - Folkestone

FOR SALE WITH BURNAP + ABEL... Welcome to The Bayle, Folkestone - where prime location meets incredible investment opportunity. This block of 6 new build apartments offers a total of 57 square metres of commercial premises, creating the perfect blend of residential and business potential. Currently generating an impressive rental income of circa £85,000 per annum, this property is truly a must-have for savvy investors looking to increase their portfolio. Don't miss out on this rare chance to own a piece of luxury in one of Folkestone's most sought-after areas. Sensible offers welcomed by the current vendors.

Property reference 27708650. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Burnap & Abel - Folkestone.

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 Broadband availability and predicted speed

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 Basic: Up to 30 Mbit/s 
 Super-fast: Between 30 Mbit/s and 300 Mbit/s 
 Ultra-fast: Over 300 Mbit/s

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 Mobile phone signal availability and predicted strength

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 Clear: No bars, no signal predicted 
 Red: One bar, reliable signal unlikely 
 Amber: Two bars, may experience problems with connectivity 
 Green: Three bars, likely to have good coverage and receive a data rate to support basic web services 
 Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

 Energy Performance data and Internal floor area

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DISCLAIMER

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Call rate information

Knowing the tenure is important because it affects your rights and costs associated with the property.

                                  If you do not know the tenure, you will not know how you will legally own the property and if there are any further costs & obligations you must comply with.

Tenure

If you do not know the Council Tax band you will not know how much you need to pay.

Council tax

If you don't know the type of utilities which the property has, there may be additional costs, for example if the water supply comes from a private well which requires regular maintenance or has water quality requirements.

Water

Knowing the nature of your heating supply is important as there may be additional considerations, for example if the property is not connected to the mains gas line and has an LPG heating system.

Heating

Knowing the nature of your electricity supply is important as there may be additional considerations, for example if the property is not connected to the national grid and has a generator instead.

Electricity

If you don't know the type of utilities which the property has, there may be additional costs, for example if the property has a septic tank that requires regular maintenance and emptying.

Sewerage

Yes, very worried

Yes, slightly concerned

No, I’m sure it will be fine

No, I have a mortgage Agreement in Principle already

No, because I don’t need a mortgage to buy a property

I’ve not thought about it yet

Within the next 3 months

Within the next 6 months

Within the next 9 months

Within the next 12 months

Block of apartments in The Bayle for sale

10 bedroom block of apartments for sale

Investment Consideration: Gross Initial Yield: 5.67% Rental Income: £85,000 p.a. VAT is NOT applicable to this property SPV can be purchased to minimise stamp duty Apartments can be used for holiday lets Comprises block of 6 apartments (2 x 1-Bed & 4 x 2-Bed) and 1 commercial unit 2 apartments benefit from private balcony, while ground floor apartment benefits from private patio Total residential area 287 sq m (3,089 sq ft) Total commercial area 57 sq m (614 sq ft) Development completed in December 2023 10 year new-build warranty guarantee

Main Information

St Eanswythe's Church of England Primary School

Folkestone Beacon Plus

Folkestone, St Peter's Church of England Primary School

I am a first-time buyer

I have a property to sell

I have a property to let

I am an investor

I have recently sold

Other

ASAP

Within 3 months

3-6 months

More than 6 months time

Not sure

Folkestone Central

Folkestone West

FOR SALE WITH BURNAP + ABEL... Welcome to The Bayle, Folkestone - where prime location meets incredible investment opportunity. This block of 6 new build apartments offers a total of 57 square metres of commercial premises, creating the perfect blend of residential and business potential....

10 bedroom block of apartments for sale

Key information

Features and description

Rooms

Property information from this agent

About this agent

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