Summary - KENT PLANNING, STONELEIGH HOUSE, THE TRAM ROAD CT20 1QR
25 bed 14 bath Residential Development
Substantial auction lot with redevelopment potential near Folkestone station.
Freehold development site of approximately 0.151 hectares
A substantial freehold development parcel on Tram Road, Folkestone, offered at auction. The site extends to approximately 0.151 hectares (0.372 acres) and houses disused offices and associated buildings with a proposed gross floor area of about 9,461 sq ft. A previously granted December 2018 consent for demolition and erection of 14 affordable apartments has lapsed; there is no live planning at sale so buyers must make their own enquiries.
This is a clear opportunity for an experienced developer or investor seeking a sizeable plot close to Folkestone Central railway station (0.9 miles) and town centre amenities. The location benefits from excellent mobile coverage and easy road links to the M20, while leisure and coastal attractions are within reach. The site sold freehold and will be sold by auction with vacant, derelict buildings currently on the plot.
Buyers should weigh the upside of a large redevelopment site against material constraints: the immediate area records high crime and very high deprivation indices, broadband speeds are slow, and the previously approved scheme has lapsed. The property will need planning, likely remediation and full redevelopment; this suits buyers prepared for a medium-to-long term project rather than a quick flip.
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