This months Folkestone lots are a wide and varied as you could image. They range from a good size flat at the start of the famous ‘west end’, to a former dance studio with planning, a three bedroom bungalow at Capel, a freehold site with planning for 45 apartments, to a three bedroom house on a private road in Hythe, and a flat investment in New Romney. A little further afield there is an agricultural barn at Whitfield and a 12 acre woodland site in the Alkham Valley. But where do we start?
Lot 15 – is a second floor flat in Earls Ave, close to The Leas promenade, Folkestone Central main line railway station and town centre beyond with its array of shops, bars, restaurants and harbour area with its well-known Tontine Street which runs towards the harbour and the art & craft area known as the Creative Quarter. Guided at £125,000 Plus it has two bedrooms, a long lease and a share of the freehold.
A freehold site with frontages to both Tontine Street and St Michaels Street is also on offer with a pre-auction guide price of £940,000-980,000 and planning permission for 45 apartments with associated access, parking and communal gardens. The design and access statement shows a scheme comprising a mix of 11 studios, 28 one bedroom and 6 two bedroom apartments, the creation of a podium gardens and 25 parking spaces with vehicular access off Tontine Street.
The Dance Easy Studio, situated in The Bayle, the heart of the town, has planning for re-development for a three storey block plus roof space comprising a new community room and 6 self contained flats – four two bedroom and two one bedroom. This property is being offered with a pre-auction guide price of £200,000 Plus, catalogued as Lot 146.
On the corner of Bradstone Road and New Street is a four storey house which is in need of complete renovation. It is considered that the property may be suitable for sub-division into flats or perhaps an HMO, subject to all necessary consents being obtainable. It has a pre-auction guide of £185,000 Plus
At Capel-le-ferne, and on the instructions of the Executor is a three bedroom detached bungalow, now in need of improvement, refurbishment and updating. It has front, side and rear gardens with a detached garage and driveway. Being offered with a pre-auction guide of £220,000 Plus we hope this lot, lot 2 is ‘Capel’ of attracting some good interest.
As we move a little further round the Kent Coast line to Hythe, we come across Tirrenia, a three bedroom house, Lot 140, located on the private section of Cliff Road. Again in need of improvement and re-decoration, it may offer potential for re-development for a larger property, perhaps similar to either of the two adjacent properties, subject to all the necessary consents being obtainable. On instructions from the Executors it is offered with a pre-auction guide price of £450,000 Plus – this is a must view to appreciate the full scope and potential.
There is a well presented one bedroom flat investment in New Romney’s High Street, Lot 16, which is let under the terms of an Assured Shorthold Tenancy agreement at £7,500 per annum. It has a pre-auction guide price of £75,000 Plus, which represents and excellent return on the guide – 10%! Do you know of any bank savings account where you’d get this level of return?
The above are all entered into the Clive Emson online auction on 22 September and form part of an over 160 lot auction. Good luck, happy hunting and successful bidding.
Take part in our September Auction!
Our upcoming auction takes place on the 22nd September with bidding live from Monday 20th. You can browse the available lots by visiting our auction page and be sure to get registered ahead of the day.
If you’d like more information or have any questions, get in touch with our dedicated team today!