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Tontine Street, Folkestone, Kent CT20 1JT

South East

£580,000

Listed on 19/07/2026

The listing

Property details

Bedrooms
6
Type
Commercial Development
Area
3082 sqft

Description

This freehold mixed-use building in central Folkestone extends to approximately 3,082 sq ft across five floors. The ground-floor retail unit is let to an independent business, with the listing stating an annual rent of £10,000. The upper floors are accessed separately and currently provide residential accommodation over four levels, described as including reception rooms, kitchen facilities, bedrooms and bathrooms. The listing records six bedrooms and an EPC rating of C for the residential accommodation; the commercial EPC is stated as to be confirmed. The upper accommodation offers scope for continued use in its existing form or for a different configuration, subject to the relevant consents and building requirements. Options raised in the listing include improving the residential space or exploring self-contained apartments, holiday accommodation or a live/work arrangement. The building is close to Folkestone Harbour, the Creative Quarter and the town's rail connections, including High Speed services to London. Buyers should verify the current layout, tenancy and lease terms, condition, and the feasibility of any proposed change of use or conversion.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

77out of 100
Grade BGood opportunity

Confidence: MEDIUM

At £580,000, this substantial 3,082 sq ft freehold is priced well below the local average per square foot, giving buyers an attractive entry point for a sizeable mixed-use project. The ground-floor commercial unit is let at £10,000 a year, while the extensive upper-floor accommodation offers scope to refresh the dated residential finishes and consider how best to use the space, subject to consents. The renovation range is £45,000–£85,000; the building’s prominent frontage and separate residential access add to its flexibility.

Key opportunities

  • Acquire 3,082 sq ft at a substantial discount to the local average £/sq ft.
  • Improve the upper-floor residential accommodation, including refreshing the dated kitchen and other finishes.
  • Retain the income-producing ground-floor commercial unit, let at £10,000 per annum, alongside the separate residential access.

Key risks

  • Commercial ancillary areas show staining, scuffs and exposed services, so allow for redecoration and making good.
  • The condition of the full roof and concealed exterior fabric is not established by the available photographs.

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Map

Location

Tontine Street, Folkestone, Kent CT20 1JT
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,191
Based on a loan of £435,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

This calculation uses non-residential (land/commercial) tax rates.

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