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For Sale West Terrace, Folkestone, CT20 £695,000

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More about this property

No Chain

Heart of Folkestone

Perfect Investment Opportunity

Terraced Freehold Building

Currently Three One Bedroom Flats

Ground Floor Commercial Unit

Vacant Lower Ground Floor Office

Separate Space on Lower Ground Floor

Flats - Council Tax Band A

Multitude of Opportunities

Freehold

Set within the heart of Folkestone, this is the perfect investment opportunity to purchase a terraced freehold building which lends itself to a multitude of opportunities. Currently, the building has 3 one-bedroom flats which are all let out; a ground floor commercial unit which is let out; a lower ground floor office which is vacant and a useful space to the rear of the lower ground floor which could lend itself to a number of options. A freehold property located in a central location which is surprisingly private and peaceful and is situated only moments from the hustle and bustle of Folkestone's town centre and famous Leas promenade. Nearby there are steps leading down to the beach, harbour and new Harbour Arm with its pop-up restaurants and lighthouse champagne bar. The Old High Street and Creative Quarter are also nearby. Folkestone West & Folkestone Central Stations both benefit from High Speed services to London St Pancras with journey times of under an hour. The M20 (Junction 13), the Channel Tunnel Terminal and Ferry Port of Dover are all within easy reach.

Lower Ground Floor
A useful space to the rear of the lower ground floor which could lend itself to a number of options. In this space, there is currently a large room with two smaller rooms off, one with a WC.

Office Space
4.77m x 3.94m (15' 8" x 12' 11")
A useful room to the front of the lower ground floor that could be used as a commercial office.

Cloakroom/WC
Two cloakrooms on the lower ground floor for use of the commercial premises.

Ground Floor

Zombie Monkey
A ground floor commercial unit which is currently let with private entrance to the front. This commercial unit has access to the communal stairwell and the lower ground floor WC.

First Floor
A one bedroom flat which is currently let out. Council Tax Band - A

Second Floor
A one bedroom flat which is currently let out. Council Tax Band - A

Third Floor
A one bedroom flat which is currently let out. Council Tax Band - A

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Floor Plan 1

IMPORTANT NOTICE FROM THOMAS AND PARTNERS

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

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Refundable Holding deposit - Capped at 1 weeks rent

Security Deposit - Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent - The agreed monthly rent

Changes to tenancy - Capped at £50 inc VAT

Early termination charge - Not exceeding the landlord’s financial losses

Late payment of rent - Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys - Reasonable costs or give the tenant the option to purchase themselves.

Utilities, council tax, communication services, TV Licence etc - Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme
Membership details TBC

Property Redress Scheme Membership details - Membership number D8870

DPS Deposit protection Scheme - Agent Number 1581837