Summary - Ken's Hillside Cafe George Lane, Folkestone, CT20 CT20 1RH
1 bed 1 bath Flat
**Standout Features:**
- Prime location in Folkestone Town Centre, adding potential for high foot traffic.
- Close proximity to Folkestone Harbour Arm and transport links to London (under one hour).
- Commercial space previously operated as a restaurant, offering an estimated rental income of £12,000 per annum.
- Two 1-bedroom flats and one studio flat with total current income of £1,450 PCM; potential income up to £2,450 PCM.
- Excellent energy performance ratings for all units (EPC ratings C).
**Concise Summary:**
Discover an investment opportunity in the heart of Folkestone with this mixed-use property on George Lane. The vibrant location, popular with over 100,000 annual visitors, hosts a vacant restaurant and three residential units—two 1-bedroom flats and a studio flat—generating current income of £1,450 per month, with potential to increase to £2,450. The commercial space offers great visibility and could draw a new restaurant or retail venture, potentially leasing for £12,000 annually.
While the flats are currently tenanted and yield a respectable 8.5%, be aware of necessary modernization in the residential areas, reflecting the traditional Victorian architecture. The property benefits from on-street parking and is surrounded by a myriad of amenities, including shops, cafes, and schools with strong ratings—ideal for families or first-time buyers. With the cost-effective Council Tax Band A and the bustling atmosphere nearby, this property offers comfort, security, and a chance to establish your footprint in a thriving locale. Act now; prime properties like this don’t last long.
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