4 bed Commercial Property
POA
Guildhall Street, Folkestone, CT20 1EA
**Freehold Commercial Unit with Four-Bedroom Residential Property Above - Prime Folkestone Location**
An exceptional opportunity to acquire a versatile freehold property in the heart of Folkestone Town Centre, offering both a commercial unit and a spacious four-bedroom residential flat above. This property is ideally situated on the bustling Guildhall Street, with the added benefit of a second entrance via a walkway connecting to Oxford Terrace.
**Commercial Unit:**
The ground floor commercial space is expansive and well-zoned, currently benefitting from an A3 license, making it perfect for a café, restaurant, or other food and beverage establishments. The property features a welcoming downstairs seating area with a bar just a few steps above, creating a dynamic and flexible layout. To the rear, you'll find a separate, fully equipped kitchen and potwash area, designed to cater to a busy commercial environment. Additional features include a basement, ideal for storage, and an upstairs office/staff room for administrative use or employee downtime.
**Residential Accommodation:**
Above the commercial unit lies a generously proportioned four-bedroom flat, perfect for owner-occupation or rental income. The flat offers two modern shower rooms, a well-appointed kitchen, and a private outside roof terrace, providing a tranquil space in the heart of the town. This residence is ideal for those seeking the convenience of living above their business or for investors looking to maximise rental potential.
**Location:**
Positioned in an up-and-coming area of Folkestone Town Centre, this property enjoys a prime retail location with high footfall and easy access to local amenities, shops, and transport links. The proximity to Guildhall Street and Oxford Terrace enhances its appeal for both commercial and residential purposes.
**Additional Information:**
- Available immediately with no onward chain
- Ideal investment opportunity with mixed-use potential
- Freehold property
Business Rates: We understand from the Valuation Office Agency that the property has a current Rateable Value of £7,100 effective from 1 April 2023.
Services: We understand mains drainage, water, gas and electricity are connected to the premises.
Legal Fees: The assignee to be responsible for landlord's reasonable legal costs in the assignment of the lease.
Lease: The premise is available on a new FRI lease at an annual rent of £28,000 per annum (plus VAT). Lease length is negotiable. Building's Insurance to be payable by the tenant.
Don't miss out on this unique chance to secure a property that offers both a thriving commercial space and a spacious residential home in one of Folkestone's most promising areas.
Match Estates
B3, Bouverie House
Folkestone
Kent
CT20 1AE
LOGIN TO