Canterbury Road, Folkestone, Kent, CT19

For sale by Modern Method of Auction; Starting Bid Price £170,000 plus Reservation Fee.

Mixed Use Fully Tenanted Opportunity!

Coral Bookmakers are the current occupiers of the ground floor area, on a lease agreement until the 10/10/2027 on a figure of £5,500 per annum.

The upstairs of the property is accessed via a rear garden with a staircase leading up to a three bedroom residential flat. The current occupiers have been in situ for several years and are currently on a rolling monthly agreement at £9,300 per annum.

With the opportunity to add value to the property, this opportunity is not one to be missed out on!

Auctioneer Comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £349 inc VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £7080 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.


Location Summary
Awarded Best Place to Live in The South East by The Times 2024; This coastal town is the very model of modern regeneration for shipshape and stylish living. Folkestone has seen much regeneration over the past few years, with much more planned going forward, especially surrounding the town centre and Harbour. Folkestone has a large array of shops, boutiques and restaurants as well as many hotels and tourist attractions. Folkestone is fortunate to have two High Speed Rail links to London, both offering a London commute in under an hour. There are great transport links to surrounding towns and cities and easy access to the continent too. With so much going on and with the future bright, Folkestone is an excellent location to both live and invest in.