1 /16
£350,000
George Lane, Folkestone, CT20
- 0 beds
£350,000
- 0 beds
Get Buyer Passport
Buyer Passport helps you access new properties hitting the market including off market properties while getting you ahead of the game and making you purchase ready. Follow an easy step by step guide on how to purchase and stand out from other buyers.
Get a privileged access with Buyer Passport
- Instantly access new properties
- Access off-market properties
- Stand out from other buyers
Buy with a mortgage
Estimate monthly mortgage payment:
£1,598 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£17,500
Share
Get a privileged access with Buyer Passport
- Instantly access new properties
- Access off-market properties
- Stand out from other buyers
Motis Estates are proud to advertise a prominent restaurant and 3 flats situated in the heart of Folkestone Town Centre in George Lane with fantastic connections to local transport links, and Folkestone Central, taking you to London in less than an hour. The property is in the main through flow to the Folkestone Harbour Arm with more than 100,000 visitors a year.
Situated in a prime trading location within Folkestone town centre, with a variety of retail users in the vicinity including multiples such as beauty salons, barbers, coffee shops and restaurants. Folkestone's famous Old High Street is only 50 yards around the corner.
On street parking is available outside the premises for free after 6pm there are several public car parks including multi storeys within easy walking distance of the premises.
The property consists of a fully fitted restaurant with kitchen and equipment which is now closed but had been trading for a number of years. it is felt the commercial unit could be let at approx £12,000 per annum. There are 2 x 1 bedroom flats and a studio flat above the commercial unit.
The property comprises the following:
Restaurant: 107 sq m
Flat 1: 21 sq m
Flat 2: 32 sq m
Flat 3: 57 sq m
Total: 217 sq m (2356 sq ft)
Current Income:
Restaurant: Vacant
Flat 1: £375 PCM
Flat 2: £550 PCM
Flat 3: £525 PCM
Current Income: £1,450 PCM
Potenital Income: £2,450 PCM
Yield: Approx 8.5%
Use: E Use Class
Energy Performance Certificate:
57 (C) Full EPC available upon request (Restaurant)
73 (C) Full EPC available upon request (Flat 1)
71(C) Full EPC available upon request (Flat 2)
73 (C) Full EPC available upon request (Flat 3)
Services: Water, Gas, Drainage and Electricity
Rateable Value: £4,750 (Folkestone and Hythe District Council (2024/2025). Small Business Rates Relief eligible.
Council Tax: Band A for all three flats.
Viewing Strictly by appointment through Motis Estates Chartered Surveyors in Folkestone. 01303 212020 or [email protected]
SUBJECT TO CONTRACT (This firm operates a Complaints Handling Procedure, details of which are available upon request).
Situated in a prime trading location within Folkestone town centre, with a variety of retail users in the vicinity including multiples such as beauty salons, barbers, coffee shops and restaurants. Folkestone's famous Old High Street is only 50 yards around the corner.
On street parking is available outside the premises for free after 6pm there are several public car parks including multi storeys within easy walking distance of the premises.
The property consists of a fully fitted restaurant with kitchen and equipment which is now closed but had been trading for a number of years. it is felt the commercial unit could be let at approx £12,000 per annum. There are 2 x 1 bedroom flats and a studio flat above the commercial unit.
The property comprises the following:
Restaurant: 107 sq m
Flat 1: 21 sq m
Flat 2: 32 sq m
Flat 3: 57 sq m
Total: 217 sq m (2356 sq ft)
Current Income:
Restaurant: Vacant
Flat 1: £375 PCM
Flat 2: £550 PCM
Flat 3: £525 PCM
Current Income: £1,450 PCM
Potenital Income: £2,450 PCM
Yield: Approx 8.5%
Use: E Use Class
Energy Performance Certificate:
57 (C) Full EPC available upon request (Restaurant)
73 (C) Full EPC available upon request (Flat 1)
71(C) Full EPC available upon request (Flat 2)
73 (C) Full EPC available upon request (Flat 3)
Services: Water, Gas, Drainage and Electricity
Rateable Value: £4,750 (Folkestone and Hythe District Council (2024/2025). Small Business Rates Relief eligible.
Council Tax: Band A for all three flats.
Viewing Strictly by appointment through Motis Estates Chartered Surveyors in Folkestone. 01303 212020 or [email protected]
SUBJECT TO CONTRACT (This firm operates a Complaints Handling Procedure, details of which are available upon request).
Mortgage calculator
Find out the cost of a mortgage for your new home.
£1,598 per month
Please be aware, your results are only an estimate and should not be considered as a mortgage quote.
Your estimated purchase costs
Find out how much it will cost to purchase this property.
Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
HomeBuyer Service - Everything you need to purchase this property all in one place
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
Do you have property to sell or part exchange?
How can we help you today?
Find out what your
home is worth
Check instantly an estimated value of your homeFind the best
local agent
Compare local estate agents based on their performanceGet an Instant
cash offer
Get a cash offer for your property in under 48 hours
Area highlights
We’ve gathered data on the property locations to help you get-to-know the local area.
Things you should know
Some useful things about this property we think you should know
Create OneDome account
for a smooth and fast property purchase
- Get a step by step guide on how to purchase or sell a property
- Get an expert mortgage and legal help
- Find the best local agent to sell your property or get an instant cash offer
- Manage property viewings, valuations and alerts
- Get access to off-market properties Create account
Be the first to see the newest properties
Create an alert and we'll email you the latest properties that come to market which match your requirements.