8 Cheriton Place, Folkestone, Kent

A substantial 5-storey, Victorian building, providing masses of kerb appeal with its characterful ornate detailing, bay windows and stone blue themed frontage, is currently being used as a premium, 16-suite, apart hotel use class C1 (8x king/ twin rooms, 4x double rooms, 3x single rooms, and 1x suite). The total floor space of the building is c.415sqm/4,466sqft GIA, whilst providing further opportunity to create 2x more self-contained studios, 1x large suite, a restaurant, or staff accommodation to the lower ground floor level, as this part of the building is yet to be redeveloped. The building has been expertly designed and constructed, to create a stunning operating boutique hotel, with 16x self-contained studios, all themed around being 'eco-friendly' by using recycled materials and smart technology, including flat screen TV's, an infrared heating system which is within the fabric of the ceiling, and keyless door entry system that are accessible by your very own mobile phone. Furthermore, these studios benefit from premium furnishings including contemporary en-suite shower rooms, and modern kitchenettes equipped with microwaves, sink, fridge freezer and kitchen utensils made from natural/reusable products, along with access to a courtyard garden. There is also access to a washer/dryers via a laundry room, with the staff having access to a state of the art boiler room providing high pressure, hot water to every room.

The hotel is currently rated as high as 8.9 in areas on Booking.com across 299 reviews, making this is a highly regarded hotel within the local/wider community. Prices per evening can range between £65 to £110 per room. The business itself has been successfully generating within the last financial year c.£0.48p profit in the £1, with all previous/current accounts available upon request. The building which currently has £260,000 worth of unclaimed capital allowances with the benefit being able to be passed onto the new business owner. The sellers are also open in selling the business and structuring the sale this way (shall a buyer wish to continue operating the business).

The building also has the opportunity with its current layout to be operated as a professional HMO, student accommodation, or assisted living, all of which would require a successful planning application to allow consent for the change of use, however, the building already benefitting from the layout/design to potentially cater to suit all these options, making this an ideal investment for anyone who is experienced within these sectors, and feels a successful planning application to change the use can be obtained.