Block of flats for sale in The Bayle, Folkestone CT20

£1,500,000
Interested in this property? Call +44 1303 396032 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Block of flats for sale - 10 bedrooms

10 6 6

Tenure:
Freehold
Council tax band:
Not available

Property features

  • Comprises 6 x apartments and 1 x Commercial Unit
  • Freehold Purchase
  • Circa £85,000 per annum rental income
  • Holiday Let Potential
  • Some Sea Views
  • 2 Apartments with Private Balconies
  • Ground Floor Apartment With Garden
  • 10 Year Builders Guarantee

Property description

For sale with Burnap + Abel... Welcome to The Bayle, Folkestone - where prime location meets incredible investment opportunity. This block of 6 new build apartments offers a total of 57 square metres of commercial premises, creating the perfect blend of residential and business potential. Currently generating an impressive rental income of circa £85,000 per annum, this property is truly a must-have for savvy investors looking to increase their portfolio. Don't miss out on this rare chance to own a piece of luxury in one of Folkestone's most sought-after areas. Sensible offers welcomed by the current vendors.

Main Information
Investment Consideration:
Gross Initial Yield: 5.67%
Rental Income: £85,000 p.a.
VAT is not applicable to this property
spv can be purchased to minimise stamp duty
Apartments can be used for holiday lets
Comprises block of 6 apartments (2 x 1-Bed & 4 x 2-Bed) and 1 commercial unit
2 apartments benefit from private balcony, while ground floor apartment benefits from private patio
Total residential area 287 sq m (3,089 sq ft)
Total commercial area 57 sq m (614 sq ft)
Development completed in December 2023
10 year new-build warranty guarantee

Property info

View original

Arrange Viewing

For more information about this property, please contact
Burnap + Abel, CT20 on +44 1303 396032 * (local rate)

Contact Burnap + Abel about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Burnap + Abel, and do not constitute property particulars. Please contact Burnap + Abel for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

View all The Bayle properties for sale