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See how verdicts workStudio flat · CT20 1RH
Listing removedListed 578 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description 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.
Or subject to contract (This firm operates a Complaints Handling Procedure, details of which are available upon request).
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 3, George Lane, Folkestone
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