Hotel for sale

Wellington Terrace, The Esplanade, Sandgate, Folkestone CT20

Summary

For sale via secure sale online bidding - terms and conditions apply.

Nestled along the picturesque Sandgate Esplanade in Folkestone, this remarkable commercial property offers an exceptional opportunity for investors and entrepreneurs alike. Spanning an impressive 7,010 square feet, the building boasts a generous layout featuring three spacious reception rooms, perfect for welcoming clients or hosting events.

With a total of 14 bedrooms and 14 bathrooms, this property is ideally suited for a variety of commercial ventures, including a boutique hotel, a care home, or a large guesthouse. The ample accommodation allows for flexibility in design and use, catering to diverse business needs.

The location is simply unbeatable, with stunning views of the coastline and easy access to local amenities, making it an attractive destination for visitors and residents alike. The vibrant community of Sandgate offers a charming atmosphere, with shops, cafes, and recreational activities just a stone's throw away.

This property presents a rare chance to acquire a substantial asset in a sought-after area. With its prime location and extensive facilities, it is sure to attract significant interest. Do not miss out on this unique opportunity to make your mark in the thriving Folkestone market. Act quickly to secure your future in this exceptional property.

Please note - Sold with vacant possession

Description

With a total of 14 bedrooms and 14 bathrooms, this property is ideally suited for a variety of commercial ventures, including a boutique hotel, a care home, or a large guesthouse

Location

With its prime location and extensive facilities, it is sure to attract significant interest. Do not miss out on this unique opportunity to make your mark in the thriving Folkestone market.

Tenure

Freehold - Title number K368078

EPC

This property's energy rating is B.

Additional Information

For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.