Broomfield Crescent, Folkestone, Kent

An excellent opportunity to acquire a freehold investment property comprising four self-contained residential apartments together with a ground floor commercial unit, prominently positioned within a highly sought-after high street location. The residential accommodation is arranged across the building and includes one spacious two-bedroom apartment on the top floor, two one-bedroom apartments, and one studio apartment, all offering strong rental demand due to the central location and proximity to local amenities, transport links and employment hubs. In addition, the property benefits from a large rear garden, a rare and valuable feature for a high street investment, offering potential for tenant amenity space or future enhancement (subject to the necessary consents). The inclusion of a commercial opportunity further strengthens the investment appeal, providing a diversified income stream and long-term capital growth potential. The entire building is held on one freehold title, making this an attractive acquisition for investors seeking simplicity, flexibility and future asset management options. This is a rare mixed-use investment opportunity in a thriving location, ideal for buy-to-let investors, portfolio expansion or long-term income generation.

AUCTIONEER'S COMMENTS

This property is for sale by the Modern Method of Auction - powered by iamsold Ltd. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee, this being 4.5% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The buyer will also make payment of £349.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

REFERRAL ARRANGEMENTS

Wards and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Wards may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

TO VIEW OR MAKE A BID - Contact Wards