Summary - Absolute Security Locksmiths Blackbull Road, Folkestone, CT19 CT19 5QN
3 bed 1 bath Shop
**Standout Features:**
- **Guide Price:** £299,000
- **Investment Yield:** 7.5%
- **Property Type:** Freehold - a three-bedroom maisonette + commercial shop
- **Floor Area:** Approx. 2857 sq ft
- **Location:** Less than 1 mile from Folkestone Central Station
- **Tenancies:** Established commercial tenant at £10,500 p.a. and residential tenant at £995 p.m.
- **Utilities:** Gas central heating, double glazing, and mains services available
- **Local Amenities:** Close proximity to shops, schools, and public transport
**Summary:**
Discover a fantastic investment opportunity with this versatile property located on Blackbull Road, Folkestone. Featuring a spacious ground floor retail shop and a generously sized three-bedroom maisonette, this property boasts a remarkable 7.5% yield. The maisonette includes a welcoming entrance, modern bathroom with corner bath, well-appointed kitchen, and a light-filled open plan living and dining area. The upper floor comprises two doubles and a single bedroom, all with convenient built-in storage.
The retail shop spans approximately 136 sq m and is currently under a 5-year lease, with a reliable tenant having consistently paid rent on time for 18 years. The property is positioned in an area with excellent transport links, making it ideal for first-time buyers or investors looking for consistent rental income. While the surrounding area has been classified as having higher levels of deprivation and some crime concerns, the burgeoning local amenities and schools—including several rated 'Good'—add to the potential for growth and community engagement.
With its solid structure from the mid-20th century, ample spaces, and flexible investment appeal, this property presents a unique chance to capitalize on growth in Folkestone. Don’t miss out on this dual-income opportunity waiting for your personal touch or investment prowess!
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