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.

Room Sizes

Folkestone Area Guide

Folkestone – Picturesque views to France Folkestone is a town with fantastic views of France and it is rich with history. It is believed one of the first nunneries built in England, founded in 630 AD. Folkestone has a good mix of cafés, restaurants and independent stores. If you’re interested in living in Folkestone, come into our Folkestone office an