Cheriton High Street, Folkestone, Kent, CT19

Mixed-Use Investment Property for Sale – Cheriton High Street, Folkestone

An excellent opportunity to acquire a mixed-use freehold property situated on Cheriton High Street, Folkestone, comprising a ground floor retail unit and a self-contained two-bedroom flat above.

The ground floor commercial unit is currently vacant, offering an incoming purchaser the opportunity to secure a new tenant or occupy the premises for their own business requirements.

The residential accommodation comprises a two-bedroom flat, which benefits from independent access via a side entrance, providing separation from the commercial premises. The flat is currently let at a rental of £600 per calendar month (£7,200 per annum), providing an immediate rental income.

The property offers an attractive opportunity for investors seeking a mixed-use asset with the potential to generate income from both the commercial and residential elements, whilst also presenting an opportunity for owner-occupiers looking to establish a business with additional residential accommodation or investment potential.

Conveniently positioned on Cheriton High Street, the property benefits from its location within an established local shopping area, serving the surrounding residential community.

EPC Rating F

Material Information

Construction Type/Materials: To Follow

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Identification Checks
If an offer is accepted on a property marketed by Miles & Barr, all purchasers are required to complete ID verification checks. This is a legal obligation under Anti-Money Laundering Regulations. We use a specialist third-party company to carry out these checks. The fee is £60 (including VAT) per person or £120 (including VAT) if purchasing under a company name, payable once the offer is agreed and before the sales memorandum is issued. Please note that this charge is non-refundable.

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.