From
£150,000
Block of flats for saleSt. Michaels Street, Folkestone CT20
- Auction
Savills - National Auctions
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About this property
To be offered on Tuesday 17 June
A Four Storey end of terrace building
Comprising Four Self-contained flats (4 x One Bedrooms)
Each flat is let on an AST producing a total income of £18,824.00 per annum
Rear garden
Potential to increase rents
Conveniently located for the amenities of Folkestone
Strapline
Auction Sale - 17/06/2025
A Four Storey end of terrace building comprising Four self-contained flats (4 x One Bedroom) let on assured shorthold tenancies, well located for the Shopping and Recreational amenities of Folkestone - Investment let at £18,824.00 per annum
Description
A Four Storey end of terrace building
Arranged to provide four self-contained flats
Rear garden
Location
Located near to the junction of St Michael's Street and Dover Road
An extensive range of Shopping facilities can be found nearby in the centre of Folkestone
The Sea Front and East Cliff and Warren Country Park provide a range of Recreational amenities to the area
Transport
National Rail- Folkestone
Tenancy
Flat 1- Let on a Six Month Assured Shorthold Tenancy from 14th January 2012 at £90.00 per week (holding over)
Flat 2- Let on a Six Month Assured Shorthold Tenancy from 24th April 2015 at £92.00 per week (holding over)
Flat 3- Let on a Six Month Assured Shorthold Tenancy from 30th July 2019 at £90.00 per week (holding over)
Flat 4- Let on a Six Month Assured Shorthold Tenancy from 9th November 2020 at £90.00 (holding over)
Accommodation
Lower Ground Floor- Reception Room, Bedroom, Kitchen, Bathroom/WC
Raised Ground Floor- Reception Room, Bedroom, Kitchen, Bathroom/WC
First Floor- Reception Room, Bedroom, Kitchen, Bathroom/WC
Second Floor- Reception Room, Bedroom, Kitchen, Bathroom/WC
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