15 bed block of flats for sale

Channel House, Folkstone CT20

An exceptional investment opportunity to acquire a vacant residential block in the coastal town of Folkestone (CT20). The property comprises 15 apartments - 11 two-bedroom and 4 one - bedroom units - across a total of 8,515 sq. Ft.

An exceptional investment opportunity to acquire a vacant residential block in the coastal town of Folkestone (CT20). The property comprises 15 apartments 11 two-bedroom and 4 one-bedroom units across a total of 8,515 sq. Ft. All apartments are presented in good condition, making this an attractive proposition for both private rental or institutional lease models.

The building offers an estimated annual rental income of £165,000, with further upside potential.

Key Investment Points:

- Prime block of 15 apartments in Folkestone (CT20)
- Total floor area: 8,515 sq ft
- 11 x two-bedroom apartments
- 4 x one-bedroom apartments
- Currently vacant – ready for occupation or lease
- Estimated market rent: £165,000 per annum

Apartment 1
Ground floor two bedroom apartment with EPC rating of "D". ( 62 sqm)

Apartment 2
Ground floor two bedroom apartment with EPC rating of "D". ( 55 sqm)

Apartment 3
Ground floor two bedroom apartment with EPC rating of "C". ( 50 sqm)

Apartment 4
Ground floor one bedroom apartment with EPC rating of "D". ( 41 sqm)

Apartment 5
Ground floor two bedroom apartment with EPC rating of "C". ( 58 sqm)

Apartment 6
First floor two bedroom apartment with EPC rating of "C". ( 59 sqm)

Apartment 7
First floor one bedroom apartment with EPC rating of "C". ( 49 sqm)

Apartment 8
First floor one bedroom apartment with EPC rating of "C". ( 48 sqm)

Apartment 9
First floor two bedroom apartment with EPC rating of "C". ( 59 sqm)

Apartment 10
First floor two bedroom apartment with EPC rating of "C". ( 54 sqm)

Apartment 11
Second floor two bedroom apartment with EPC rating of "E". ( 50 sqm)

Apartment 12
Second floor two bedroom apartment with EPC rating of "E". ( 59 sqm)

Apartment 13
Second floor two bedroom apartment with EPC rating of "D". ( 48 sqm)

Apartment 14
Second floor one bedroom apartment with EPC rating of "D". ( 48 sqm)

Apartment 15
Second floor two bedroom apartment with EPC rating of "D". ( 51 sqm)

Additional Information
Buyer Fee2.00% + VAT
TenureFreehold
Rights and EasementsAsk Agent
RisksAsk Agent
Gross Yield: 8.3%

Buyer Fee: 2.00% + VAT