Guildhall Street, Folkestone, Kent, CT20

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £800,000

This property will be legally prepared enabling any interested buyer to secure the property
immediately once their bid/offer has been accepted. Ultimately a transparent process which provides
speed, security and certainty for all parties.

• Immediate ‘exchange of contracts’ available


• Sold via ‘Secure Sale’

Attention - Extremely Exciting Investment Opportunity To Purchase Prime Real Estate In The Folkestone Town Centre.

This sale is for two huge buildings which consist of two commercial units and multiple levels of residential spaces located in the very heart of the up and coming Folkestone town centre

The properties comprise of two commercial shops on the ground floor (currently converted into one large space) with a large basement (again opens up to create one large basement) and three/four further floors set over the two properties.

Planning permission has been granted to create a large mixture of various size modern flats and even a three storey town house. The photos and floorplans on this listing give a better overview of what the current buildings layout and granted planning permission development consist of, so we really would encourage you to look at these carefully before reading on.

***Please note that the internal photos have been created to give an impression of how the flats could look when completed and do not represent the current state as this work has yet to be carried out.***

This wonderful project creates endless possibilities for the new owner to sell these concerns individually, separately or to look at various rental options or a combination of both.

Building work has already been started, so we really would suggest that any interested parties contact us to arrange for a viewing in person with us and the current developers to be able to fully appreciate the scale and potential on offer.

Both of the commercial units are currently occupied and so the possibility of retaining this is available as the current tenant would very much like to be able to continue renting.

As this development comprises of two properties, there is the potential for each to be purchased separately at the cost of £500,000 or to purchase individual elements of the properties. However as this listing is for the full freehold and both properties in completeness, this really does lend itself to the most profitable and exciting option for a new owner in our opinion.

From a location perspective, Guildhall street is perfectly situated in the heart of the town centre and just 10 minutes walk to Folkestone Central train station (with direct high-speed rail links to London St Pancras in under an hour). The famous Leas Promenade with coastal paths leading to the beach is but a ten minute walk away as well only a five minute walk down the old high street to the regenerated Harbour Arm and Creative Quarter. With the close proximity of Folkestone Central station, nearby transport links include the Eurotunnel, the M20 and Dover Ferry Port these premises in Folkestone are sure to appeal.

Viewings are strictly by appointment and only through sole Folkestone estate agents Your Key MoveAuctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and
are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction
terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The
Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being
shared between both any marketing agent and The Auctioneer in order that all matters can be dealt
with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will
be required to adhere to a verification of identity process in accordance with Anti Money Laundering
procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with
the law.
A Legal Pack associated with this particular property is available to view upon request and contains
details relevant to the legal documentation enabling all interested parties to make an informed
decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’
commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding
with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts
the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the
purchase price of the property. The deposit will be a contribution to the purchase price. A non-
refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also
required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed
purchase price and consideration should be made by the purchaser in relation to any Stamp Duty
Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to
pass their details to third party service suppliers, from which a referral fee may be obtained. There is
no requirement or indeed obligation to use these recommended suppliers or services.