1 bed Flat For Sale £59,995
Investment Alert, A Self Contained Second Floor Flat In The Absolute Prime Location Of Folkestone Is Now Available.
Folkestone Estate Agents Your Key Move are thrilled to bring to market this fantastic Investment opportunity. To be able to buy a freehold piece of real estate in the most sought after location in Folkestone for under seventy thousand pounds will prove to be a very sound investment for any astute individual or organisation.
This flat is located right on the seafront in a block of self contained flats on the second floor with private off road parking available. These flats sit right opposite the famous Folkestone Harbour Arm in the very heart of where all the expensive sea front developments have started. As you may be aware, Folkestone has been privileged to receive huge funding and vision from wealthy business men and companies which are transforming the real estate value of this very sought after sea front town.
So what exactly is on offer here, well you are buying a small self contained flat with small hallway, family bathroom with bath unit and shower with open plan kitchen/lounge/bedroom. The heating is electric as is the hob unit in the kitchen.
The entrance to the flats has a secure key entry system to the building and there is ample private off street parking available to the residents. The grounds also have large open areas at the front for the residents to sit and enjoy this stunning seafront location.
The flat owns just over 1% of the building freehold (most of the flats purchased a share of this when the building freehold became available, this flat being one of them which is excellent news if ever the building is sold to a lucrative buyer for the valuable land) and currently has 83 years left of the 125 year lease.
This flat is comes with a tenant in situ who is currently renting the flat for £500 a month on a short term tenancy agreement which started in July 2022 and offers an excellent rental yield of £6,000+ a year, on a property for under sixty thousand pounds, now that why this will most definitely appeal to many. There is a £750 service charge every 6 months which includes building insurance. Also to mention, if development continues at the rate and grander it has been in this area, its surely only a matter of time before the value of this gem of a property will increase significantly, if not only for its location and attraction, but also for the need future developers may have for acquiring this flat for their own development requirements.
From a location perspective, Folkestone is a beautiful, highly desirable up and coming town offering a wide range of high end restaurants, bars, and cafes. The positioning of this flat means you can walk right along the flat seafront promenade from Folkestone right the way into Sandgate beautiful seafronts. The newly developed and up and coming Harbour Arm offers an abundance of coffee houses, seafood eateries and outside viewing areas. There is even even a champagne bar after the gourmet eateries at the very end of the Harbour Arm. What better way than to stroll along on a hot summers day without the need of having to drive as you would be located in the one of the best up and coming locations Folkestone has to offer. There is also the lovely coastal market town of Hythe to the west, with a huge range of culinary delights to suit everyone's tastes, partly due to its fantastic collection of small independent shops and rich history as well as fresh local fish & chips and stunning coastal walks. A short walk up the old high street in the centre of the trendy Art Scene Folkestone is now famous for leads you straight into the town centre. Folkestone Central train station is also only a short distance away and provides a high-speed rail link to London. With Eurotunnel, Dover Port and the Eurostar on your doorstep your European adventures are but a whisker away.
Viewing is Highly Recommended and only through an appointment with Folkestone Estate Agents Your Key Move.
Folkestone Estate Agents Your Key Move are thrilled to bring to market this fantastic Investment opportunity. To be able to buy a freehold piece of real estate in the most sought after location in Folkestone for under seventy thousand pounds will prove to be a very sound investment for any astute individual or organisation.
This flat is located right on the seafront in a block of self contained flats on the second floor with private off road parking available. These flats sit right opposite the famous Folkestone Harbour Arm in the very heart of where all the expensive sea front developments have started. As you may be aware, Folkestone has been privileged to receive huge funding and vision from wealthy business men and companies which are transforming the real estate value of this very sought after sea front town.
So what exactly is on offer here, well you are buying a small self contained flat with small hallway, family bathroom with bath unit and shower with open plan kitchen/lounge/bedroom. The heating is electric as is the hob unit in the kitchen.
The entrance to the flats has a secure key entry system to the building and there is ample private off street parking available to the residents. The grounds also have large open areas at the front for the residents to sit and enjoy this stunning seafront location.
The flat owns just over 1% of the building freehold (most of the flats purchased a share of this when the building freehold became available, this flat being one of them which is excellent news if ever the building is sold to a lucrative buyer for the valuable land) and currently has 83 years left of the 125 year lease.
This flat is comes with a tenant in situ who is currently renting the flat for £500 a month on a short term tenancy agreement which started in July 2022 and offers an excellent rental yield of £6,000+ a year, on a property for under sixty thousand pounds, now that why this will most definitely appeal to many. There is a £750 service charge every 6 months which includes building insurance. Also to mention, if development continues at the rate and grander it has been in this area, its surely only a matter of time before the value of this gem of a property will increase significantly, if not only for its location and attraction, but also for the need future developers may have for acquiring this flat for their own development requirements.
From a location perspective, Folkestone is a beautiful, highly desirable up and coming town offering a wide range of high end restaurants, bars, and cafes. The positioning of this flat means you can walk right along the flat seafront promenade from Folkestone right the way into Sandgate beautiful seafronts. The newly developed and up and coming Harbour Arm offers an abundance of coffee houses, seafood eateries and outside viewing areas. There is even even a champagne bar after the gourmet eateries at the very end of the Harbour Arm. What better way than to stroll along on a hot summers day without the need of having to drive as you would be located in the one of the best up and coming locations Folkestone has to offer. There is also the lovely coastal market town of Hythe to the west, with a huge range of culinary delights to suit everyone's tastes, partly due to its fantastic collection of small independent shops and rich history as well as fresh local fish & chips and stunning coastal walks. A short walk up the old high street in the centre of the trendy Art Scene Folkestone is now famous for leads you straight into the town centre. Folkestone Central train station is also only a short distance away and provides a high-speed rail link to London. With Eurotunnel, Dover Port and the Eurostar on your doorstep your European adventures are but a whisker away.
Viewing is Highly Recommended and only through an appointment with Folkestone Estate Agents Your Key Move.
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