This corner property benefits from a strategic location at the intersection of Dover Road and Tontine Street, adjacent to Folkestone's Creative Quarter. Approximately 14.4 miles south of Canterbury, Folkestone is well-connected by road and rail, with the M20 motorway just 1.5 miles away and Folkestone Central railway station roughly 928 meters from the site, offering direct trains to London St Pancras in under an hour.
The area surrounding the property is characterized by a diverse mix of retail outlets, including beauty salons, cafes, takeaways, and restaurants. The proximity to the bustling Folkestone Harbour Arm, which attracts over 100,000 visitors annually, adds further appeal. Local amenities include the Quarterhouse entertainment venue and F51 Skate Park, enhancing the neighborhood's vibrancy.
Comprising two floors with a total area of approximately 328 sq m (3,537 sq ft), this property offers varied accommodation options. The ground floor features retail space alongside a café setup complete with a kitchenette and reception area. Below ground, additional rooms serve as arts and crafts spaces, games rooms, and offices. The layout provides significant flexibility for a potential renovation or reconfiguration.
An interesting aspect of this property is its investment potential through its freehold ownership combined with long leases on residential flats above. There are opportunities for conversion into multiple one- and two-bedroom flats alongside retaining or repurposing the commercial space. Current plans suggest that this could yield substantial returns on investment.
The existing leases offer ongoing rental income from five residential units that feature favorable terms. Development proposals have been previously discussed for transforming this space into three one-bedroom flats and one two-bedroom flat with retained commercial use—a prospect that could increase both value and usability.
Additionally, on-street parking becomes available after 6 PM at no cost, enhancing accessibility for customers or tenants alike. Public car parks are conveniently located within walking distance.
Overall, this property presents an excellent opportunity for investors looking to capitalize on a prime location in Folkestone while exploring renovation options to maximize its full potential in the evolving local market context.
