Tontine Street, Folkestone, Kent CT20 1JU

Guide Price £580,000

Freehold | Substantial Investment Opportunity | Approx. 3,082 sq.ft. (286.3 sq.m.) | Existing Income Producing Property | Residential EPC: C

A Rare Freehold Building with Exceptional Residential Potential in the Heart of Folkestone

Occupying a prominent position within one of Folkestone's most exciting and rapidly evolving neighbourhoods, this substantial freehold period building presents an outstanding opportunity to acquire a sizeable property with immediate income, extensive accommodation and excellent long-term investment potential.

Situated on the increasingly fashionable Tontine Street, just moments from Folkestone Harbour, the Creative Quarter, Harbour Arm and Sunny Sands Beach, the property extends to approximately 3,082 sq.ft. (286.3 sq.m.) over five floors, offering buyers an exciting opportunity to create a truly unique residential investment within one of Kent's most sought-after coastal locations.

The property already benefits from an established income of £10,000 per annum, providing an immediate return whilst allowing the next owner to consider the many possibilities available throughout the remainder of the building.

Whether you're looking to create an impressive coastal home, convert the accommodation into luxury apartments (subject to the necessary consents), establish serviced accommodation or expand an existing property portfolio, opportunities offering this level of flexibility and scale are becoming increasingly difficult to find.

Extensive Accommodation Offering Outstanding Flexibility

Arranged across multiple levels, the accommodation provides generous internal space with a versatile layout capable of adapting to a variety of residential requirements.

The existing accommodation currently includes:

• Spacious reception rooms
• Kitchen facilities
• Multiple bedrooms
• Bathrooms
• Basement accommodation
• Large upper-floor living space with excellent natural light

The generous proportions allow purchasers to explore numerous possibilities, including:

• Luxury duplex apartments (subject to planning)
• Self-contained residential apartments (subject to planning)
• Holiday accommodation
• High-quality serviced accommodation
• Live/work accommodation
• Multi-generational family living
• A substantial town residence
• Long-term investment property

Excellent Scope for Enhancement

With over 3,000 sq.ft. of accommodation already in place, the property offers exciting potential for refurbishment, reconfiguration or redevelopment, subject to obtaining any necessary planning permissions and building regulation approvals.

The combination of existing income together with future residential potential makes this an increasingly rare opportunity within Folkestone's thriving property market.

Lifestyle & Location

Tontine Street forms part of Folkestone's celebrated regeneration area and has become one of the town's most desirable locations, combining independent businesses, cafés, galleries, restaurants and cultural attractions with a vibrant coastal lifestyle.

Everything is within easy walking distance, including:

• Folkestone Harbour
• Harbour Arm
• Sunny Sands Beach
• The Creative Quarter
• The Old High Street
• Independent cafés, restaurants and boutiques
• Coastal walks
• Folkestone Central Station
• Folkestone West Station
• High Speed rail services to London St Pancras in under one hour
• Easy access to the M20 and Channel Tunnel

Continued investment throughout this part of Folkestone has created strong demand for quality residential accommodation, making this an attractive proposition for both owner-occupiers and investors.

Accommodation

Ground Floor

Income-producing element currently generating £10,000 per annum.

Upper Floors

• Extensive residential accommodation
• Multiple reception rooms
• Kitchen
• Numerous bedrooms
• Bathrooms
• Flexible internal layout
• Basement level
• Approximately 3,082 sq.ft. (286.3 sq.m.)

Outside

On-street parking is available nearby, with privately rented parking spaces understood to be available to the rear, subject to separate agreement and availability.

Key Features

• Substantial freehold investment opportunity
• Existing rental income of £10,000 per annum
• Approx. 3,082 sq.ft. (286.3 sq.m.)
• Significant residential potential (subject to planning)
• Flexible accommodation across five floors
• Prime position within Folkestone's Creative Quarter
• Short walk to Harbour Arm and beaches
• Excellent transport links including High Speed rail
• Ideal for investors, developers or owner-occupiers
• Rare opportunity within one of Kent's fastest-growing coastal towns

Property Information

Guide Price: £580,000

Tenure: Freehold

Current Income: £10,000 per annum

Residential EPC: C

Parking: On-street parking nearby with potential privately rented spaces to the rear (subject to availability).

Your Key Move Ltd - Award-Winning Folkestone Estate Agents

Buildings of this scale, flexibility and location rarely become available. Combining immediate income with extensive residential accommodation and exciting future potential, 33 Tontine Street represents a unique opportunity to acquire a landmark property within one of Folkestone's most desirable regeneration areas.

For further information or to arrange a viewing, contact Your Key Move Ltd

*At the time of an offer being accepted on a property marketed by Your Key Move LTD, the purchaser(s) will need to provide documentation in order for us to undertake the necessary identification checks, in order to adhere to our obligation under the Anti Money Laundering Regulations (AML). This is a legal requirement and we will not proceed with a buyer(s) until these checks have been carried out. Your Key Move LTD uses a specialist third party service to verify identities. The cost of these checks is £50 plus VAT per purchase, which has to be paid in advance when an offer is agreed and will be prior to a sales memorandum being issued to solicitors. This fee is non-refundable. Any questions on this should be asked prior to placing an offer.

*We have not conducted a structural survey, and the appliances and services remain untested. All dimensions are approximate, and floor plans are for reference only, not to scale. It is recommended to seek legal advice to confirm the details of fixtures, fittings, planning, alterations, and/or lease terms prior to moving forward.