Turnkey Folkestone investment with reliable income and compliant tenancies.
High yield: circa 10–12% on current income
Combined rent c. £37,000 per annum from three tenancies
Ground-floor barber on 20-year lease from Dec 2019
Two residential flats on ASTs with EICR and Gas certificates
Turnkey investment with long-term tenants in place
Sold at auction; legal/title checks essential before bidding
Tenure recorded as unknown—verify freehold details
Small plot and on-street parking only, limited expansion potential
This mixed‑use freehold on Black Bull Road offers a secure, turnkey income stream in a well‑connected Folkestone high street. The ground‑floor retail is let to a barber on a 20‑year lease from December 2019, with two separately let residential flats above producing a combined rent of about £37,000 per annum. Valid EICRs and Gas Safety certificates are in place for the residential units, supporting immediate investor occupancy.
Located close to Folkestone Central station and local amenities, the property suits investors seeking stable yields (circa 10–12%) and low‑maintenance returns. The building includes a rear garden used by the one‑bed flat and benefits from excellent local transport links, nearby schools with strong Ofsted outcomes, and an affluent, comfortable neighbourhood profile.
Buyers should note this lot will be sold at auction and the freehold tenure is recorded as unknown—investors must confirm title and legal pack details before bidding. On‑street parking and a relatively small plot limit expansion options; the property presents more income reliability than immediate redevelopment potential. Overall, this is a straightforward, high‑yield investment for buyers prioritising cashflow over development upside.
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