INVESTMENT/ DEVELOPMENT OPPORTUNITY
Potential for 29 Unit residential development & conversion scheme – STPP

LOCATION
The property is situated on the main retailing pitch on the pedestrianised section of Sandgate Road at the junction with Alexandra Gardens in the centre of Folkestone; a coastal town on the English Channel in Kent 10 miles southwest of Dover and 18 miles south of Canterbury, with a rich history as a harbour and seaside port town.

The property is opposite F. Hinds and Lloyds Bank, with retailers in close proximity including Costa, Superdrug, HSBC, Waterstones, Boots, NatWest, Card Factory, EE, The Works and WH Smiths and benefits from a high amount of footfall, and displays a prominent return frontage leading down from Sandgate Road to Bouverie Place Shopping Centre where occupiers include Primark, JD, TK Maxx, Poundland, New Look, Specsavers, Vodafone, Starbucks and Sports Direct.

Folkestone Central Railway Station is just 10-minutes walk, providing regular Southeastern Railway services to London and other major destinations in the region.

ACCOMMODATION
The property comprises three adjoining retail units arranged over ground to third floors (only 32 has a third floor), none of which are self contained.

There are 4 residential units spread across ground to 3rd floor with refurbishment / development potential – stpp.

32 Sandgate Road – occupied at ground floor by CEX with 2 residential flats above across 1st – 3rd floors. 1 residential flat in need of modernisation.

34 Sandgate Road – occupied at ground floor by Simmonds Jewellers with 2 vacant residential flats above across 1st – 2nd floors.

36 Sandgate Road – the whole building will be offered with vacant possession.

 DEVELOPMENT OPPORTUNITY – STPP
1. Conversion of 1st & 2nd floors above 36 Sandgate Road to residential and the modernisation of the residential flats into a habitable state.
2. A significantly larger residential development scheme extending across the rear roof within the current unoccupied airspace to create 29 residential units above the commercial element.
N.B. Architect details can be provided.

PROPOSAL
Offers are invited for this investment development opportunity.

LEGAL COSTS
Each party to be responsible for its own legal and professional costs.

PLANS
Plans available on request.

PLANNING
Local Authority – Folkestone & Hythe District Council

VIEWING
By appointment with sole agents Stephen Kane & Company.

George Brooke gb@stephenkane.co.uk | +44(0)7739 913888

Alex Robinson ar@stephenkane.co.uk | +44(0)7594 715 757

MARKETING DETAILS