Property photos
Freehold
£1,500,000
10 bed block of flats for sale
The Bayle, Folkestone CT2010 beds
6 baths
6 receptions
Key Information
Local area information
Property location
Nearby amenities
- St Eanswythe's Church of England Primary School 0.1 miles
- Folkestone, St Peter's Church of England Primary School 0.3 miles
- Folkestone Central 0.6 miles
- Folkestone West 1.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- 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
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
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
Floor plans and tours
Floor plans (5)
Tours
No virtual tour available
More information
Listed by
Burnap + Abel
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Property descriptions and related information displayed on this page are marketing materials provided by - Burnap + Abel. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Burnap + Abel for full details and further information.