Summary - Flat 3, 3 George Lane, FOLKESTONE CT20 1RH
1 bed 1 bath Shop
**Standout Features:**
- Prime location on George Lane, Folkestone, with heavy foot traffic and proximity to Folkestone Harbour Arm.
- Fully equipped restaurant space previously generating steady income; potential rent estimated at £12,000/year.
- Three residential units above: two 1-bedroom flats and one studio flat, currently yielding £1,450/month with potential increase to £2,450/month.
- Traditional Victorian architecture with charming period elements, adding character.
- On-street parking available, with free access after 6 PM and additional public parking nearby.
- Walking distance to numerous amenities, schools, and transport links.
**Summary:**
Discover an exceptional investment opportunity in the heart of Folkestone with this prominent mixed-use property, boasting a spacious restaurant on the ground floor and three income-generating flats above. The established restaurant offers a well-fitted kitchen and a layout conducive to various culinary ventures, ready for a new beginning as it was once a vibrant local dining spot.
This property benefits from the hustle and bustle of George Lane, attracting over 100,000 annual visitors, ensuring a constant flow of potential customers. With two one-bedroom flats and a studio flat, you have valuable residential spaces that are currently tenanted, generating a strong monthly income. Each unit offers the opportunity for modernization, making it perfect for investors seeking to enhance rental yields.
Experience the charm of Victorian architecture while enjoying modern conveniences and nearby amenities, including schools with excellent Ofsted ratings, shops, and public transport to London in under an hour. While the commercial unit requires some attention to revitalize its potential, the overall return on investment stands at an impressive 8.5%. Opportunities like this in such a desirable location do not last long; seize this chance to invest in England's coastal renaissance today.
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