The Bayle, Folkestone, CT20
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
10
- BATHROOMS
6
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Comprises 6 x apartments and 1 x Commercial Unit
- Freehold Purchase
- Circa £85,000 per annum rental income
- Holiday Let Potential
- Some Sea Views
- 2 Apartments with Private Balconies
- Ground Floor Apartment With Garden
- 10 Year Builders Guarantee
Description
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.
Main Information
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
Brochures
Brochure 1- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
The Bayle, Folkestone, CT20
Add your favourite places to see how long it takes you to get there.
__mins driving to your place
About Burnap & Abel, Folkestone
4 Majestic Parade, Sandgate Road, Folkestone, CT20 2BZBurnap + Abel was set up as a solely focused property sales agent Established in 2013 and is now regarded as the leading independent estate agent in Folkestone. This is partly due to our honest advice and pro - active approach to modern marketing.
As you may be aware, technology plays a major part in modern day marketing and we believe that we have left other agents trailing behind in our wake.
Our philosophy is to provide you with the highest possible service from start to finish, making your moving process as easy and stress free as possible.
Our great reputation is built on integrity and trust and is matched by our desire to be number one.
In 2023 we opened our lettings department that is now one of the highest performing lettings agents in Folkestone.
Multi Award WinnersWe are proud to announce that in 2018, 2019, 2022 and 2023 we won the award for best estate agency in Folkestone via The British Property Awards.
This is based on service alone and shows that we pride ourselves not only on results but also on the service we provide.
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 27708650. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Burnap & Abel, Folkestone. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.