Guide price £1,250,000
Development site with Planning Permission (expired but with the Council) to build two, four storey, blocks, totalling 10 luxury high specification apartments SITUATION The development land is located on the Esplanade in a seafront position enjoying panoramic sea views out over the English Channel towards France. Sandgate is a thriving village with a traditional High Street famous for its antique shops, also offering local shops, wine bars and restaurants. As well as the beach itself and promenade, the nearby Encombe Park is a haven for natural wildlife and offers delightful walks. Henry VIII built the now restored Sandgate Castle on the seafront and together with the Martello Towers, it adds to the character and history of the village. Folkestone Leas and the pretty Cinque Port town of Hythe, with its quaint High Street and Waitrose store are also nearby Communications are excellent with access to the Continent via Eurostar from Ashford Int'l Station, the Channel Tunnel Terminal at Cheriton and Dover Harbour. Most importantly, Folkestone now offers excellent high speed commuter services to London St. Pancras in less than one hour adding to the appeal of this delightful coastal area between Folkestone Leas and the Cinque Port of Hythe. Communications are also good with the M20 linking into the A2 and M25. DESCRIPTION Planning has been granted to develop two four storey blocks totalling 10 luxury high specification apartments, benefitting from a lift, underground parking, balconies, two having gardens and all enjoying the fabulous coastal views in this prestigious location. The development site offers flexibility with various options to purchase. The well known and renowned developers, Kitewood, are offering this fabulous and unique opportunity to developers who wish to build solely, or the option for a joint venture with Kitewood. Alternatively, a further option would be should any prospective purchaser wish to own a prestigious apartment then Kitewood would be happy to build once the minimum numbers are secured off plan. Once built it is likely the guide price will be in the range of £550,000 - £650,000 for each apartment. FEATURES 10 Luxury apartments - Seafront Location - Panoramic sea view of the English Channel - High specification - Balconies - Lift - Gardens (for 2 ground floor apartments) - Underground allocated parking and storage areas - Total Square Footage approximately 10,526 PROPERTY INFORMATION Services: Local Authority Shepway District Council. Planning Application Number: Y15/0112/SH Strictly by appointment through Jackson-Stops. Tel: 01227 781600 DIRECTIONS From the centre of Folkestone follow signs for Sandgate and Hythe and continue along the A259, proceeding down into Sandgate. Continue along the High Street for about 1.5 miles and the development site will be found just before the Sandgate Hotel on your right. PRIVATE FINANCE Jackson-Stops & Staff Private Finance specialises in advising on and arranging competitive mortgages quickly, efficiently and in a stress-free manner. Please contact the office for further information.
View a selection of our similar properties
Guide price £1,750,000
Guide price £1,650,000