Lot 95

FREEHOLD SITE WITH PLANNING FOR 45 FLATS

Land St. Michael's Street/Tontine Street, Folkestone, Kent, CT20 1JP
Guide Price £800,000+ * + Fees

Applicants may view the lot externally only

A freehold site with frontages to both St. Michael's Street and Tontine Street, close to the harbour and seafront, as well as The Old High Street, The Creative Quarter (arts and crafts area of Folkestone), with the town centre beyond.

Full Planning Permission has been granted for the erection of a part three-storey (fronting St. Michael's Street) and part five-storey (fronting Tontine Street) building comprising 45 residential apartments.

Planning

Planning Permission has been granted by Folkestone & Hythe District Council, under ref: Y19/0016/FH, dated 11th August 2021, for the erection of a part three-storey and part five-storey building comprising 45 no. apartments with associated access, parking and communal garden, subject to conditions. The Design and Access Statement shows a scheme comprising a mix of 11 studios, 28 one-bedroom and six two-bedroom apartments, the creation of a podium garden, 25 parking spaces (including two wheelchair accessible spaces) with vehicular access off Tontine Street, together with refuse zone and cycle store.

A copy of the Planning Permission, accompanying plans and drawings, Design and Access Statement and other information is available to download from the Local Planning Authority website.

Local Planning Authority

Folkestone & Hythe District Council. Tel: 01303 853538. Website: folkestone-hythe.gov.uk.

Viewing

On site during any reasonable time.

Freehold with Vacant Possession

Land St. Michael's Street/Tontine Street, Folkestone, Kent
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Important

All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.

* Price Information

Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).

We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

Additional Fees

An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.

All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to cliveemson.co.uk/buyers-fees/