Property for sale
Property description & features
- Tenure: Freehold
- 4 Bedroom Apartment
- Mixed Use Commercial Unit
- Great Location
- Freehold Opportunity
- High Yield Potential
- Modern Fixtures
- Roof Terrace To Residential
- A1 A3 Usage
*Freehold Commercial Unit with Four-Bedroom Residential Property Above - Prime Folkestone Location*
An exceptional opportunity to acquire a versatile freehold property in the heart of Folkestone Town Centre, offering both a commercial unit and a spacious four-bedroom residential flat above. This property is ideally situated on the bustling Guildhall Street, with the added benefit of a second entrance via a walkway connecting to Oxford Terrace.
*Commercial Unit:*
The ground floor commercial space is expansive and well-zoned, currently benefitting from an A3 license, making it perfect for a café, restaurant, or other food and beverage establishments. The property features a welcoming downstairs seating area with a bar just a few steps above, creating a dynamic and flexible layout. To the rear, you'll find a separate, fully equipped kitchen and potwash area, designed to cater to a busy commercial environment. Additional features include a basement, ideal for storage, and an upstairs office/staff room for administrative use or employee downtime.
*Residential Accommodation:*
Above the commercial unit lies a generously proportioned four-bedroom flat, perfect for owner-occupation or rental income. The flat offers two modern shower rooms, a well-appointed kitchen, and a private outside roof terrace, providing a tranquil space in the heart of the town. This residence is ideal for those seeking the convenience of living above their business or for investors looking to maximise rental potential.
*Location:*
Positioned in an up-and-coming area of Folkestone Town Centre, this property enjoys a prime retail location with high footfall and easy access to local amenities, shops, and transport links. The proximity to Guildhall Street and Oxford Terrace enhances its appeal for both commercial and residential purposes.
*Additional Information:*
- Available immediately with no onward chain
- Ideal investment opportunity with mixed-use potential
- Freehold property
Business Rates: We understand from the Valuation Office Agency that the property has a current Rateable Value of £7,100 effective from 1 April 2023.
Services: We understand mains drainage, water, gas and electricity are connected to the premises.
Don’t miss out on this unique chance to secure a property that offers both a thriving commercial space and a spacious residential home in one of Folkestone’s most promising areas.
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*DISCLAIMER
Property reference S1064195. 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 Match Estates - Folkestone.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 23, 2024
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
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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