Summary - 9 GRACE HILL FOLKESTONE CT20 1HA
4 bed 2 bath Mixed Use
Town‑centre mixed‑use building with income potential — lease and area risks apply.
Ground-floor commercial unit let until November 2031
One-bedroom flat currently let at £650 pcm (immediate income)
Three-bedroom maisonette vacant, marketed at £1,200 pcm
Large overall size ~2,213 sq ft; Victorian character
Only six years remaining on lease — major lending risk
Located in very deprived area with very high crime rates
Small plot size; limited external space
Separate entrances for each flat; live/work potential
A substantial mixed‑use building in central Folkestone, offering immediate income and short‑term upside. The ground floor is a street‑facing commercial unit occupied on a lease until November 2031, providing a secure business rental. Above are two self‑contained flats: a one‑bed currently producing £650 pcm and a vacant three‑bed maisonette marketed at £1,200 pcm.
This property suits investors seeking a town‑centre asset with separate entrances and clear let/rent potential. The building’s large overall floorspace (approx. 2,213 sq ft) and Victorian character give scope for layout improvements and rental enhancement, subject to planning and consents. The three‑bed flat’s vacancy offers immediate opportunity to relet or refurbish to increase rental yield.
Important caution: the flats are on a short lease with only six years remaining. Many mortgage lenders may refuse lending against this property, and sale or refinance options could be limited without acquiring the freehold or extending the lease. The area is described as very deprived with very high crime statistics — factors that may affect tenant demand, insurance costs, and long‑term capital growth.
For a cash buyer or an investor experienced with lease extensions, this is a pragmatic purchase: prime town location, mixed income streams, and renovation potential, balanced by clear lease and area risks that must be addressed before purchase.
Shop for sale in Guildhall Street, Folkestone, CT20 — £340,000 • 1 bed • 1 bath • 1360 ft²
Studio flat for sale in Guildhall Street, Folkestone, CT20 — £340,000 • 1 bed • 1 bath • 1360 ft²
Restaurant for sale in Dover Road, Folkestone, CT20 — £143,000 • 1 bed • 1 bath • 829 ft²
3 bedroom house for sale in Dover Road, Folkestone, CT20 — £230,000 • 3 bed • 1 bath
High street retail property for sale in 28-30 Sandgate Road, Folkestone, Kent, CT20 — £300,000 • 1 bed • 1 bath • 3923 ft²
3 bedroom house for sale in Dover Road, Folkestone, CT20 — £230,000 • 3 bed • 1 bath • 1055 ft²
