INVESTMENT OPPORTUNITY -
Miles & Barr Commercial are delighted to market this mixed use ex-industrial property within a short walk of Folkestone mainline train station. It comprises a number of revenue streams including two flats, a commercial workshop and two lock-up garages.
The current owner has carried out substantial rennovations on the property since purchasing, in order to maximise the income from it. We estimate a total revenue upon completion of the works carried out to be in the region of £23,000 thus achieving a gross rental yield of 7.1%.
The development comprises a ground-floor workshop with two separate spaces to operate from, with two brand new flats above with exposed features and space-saving contraptions. The two double-garages will invite further income.
A large portion of the works have been carried out to date and the owner is expecting to present the property in a standard that is as close to a turnkey investment as is possible.
It is important to note that the property holds the key to access for adjacent industrial lock-up garages that could be acquired at a later date and developed into residential once the appropriate plannings have been approved.