Lot 13 - 16 Grace Hill, Folkestone, Kent, CT20 1HE
- Unconditional Online Auction Sale
- Guide Price* : `£600,000
- Bedrooms: 11
Description
four flats: three 3-bedroom units and one 2-bedroom unit. All flats are let to a corporate tenant on 1–2 year leases, meaning they are not affected by the Renters Rights Bill coming into effect on 1 May 2026. The tenant uses the properties for temporary accommodation for the local authority housing list and must return them in line with the initial condition survey and inventory, subject to fair wear and tear. Total annual rent is £63,120, paid monthly in advance and guaranteed, with the corporate tenant responsible for internal maintenance (except gas boilers) while the freeholder maintains and insures the building and communal areas, recovering costs from rent. Flat 4 was renewed on 1 March 2026 at £1,210 PCM (a 10% increase from £1,100), and the other three flats are due for renewal during the year, with potential but not guaranteed rent increases.
Accommodation
Flat 1 – Three-bedroom maisonette over ground and lower ground floor, with its own independent front door entrance and a private courtyard garden at lower ground level.
Flat 2 – Three-bedroom flat on the first floor, accessed via the communal front door and staircase.
Flat 3 – Three-bedroom flat on the second floor, accessed via the communal front door and staircase.
Flat 4 – Two-bedroom flat on the third floor, accessed via the communal front door and staircase.
Location
Folkestone, located next to the old Folkestone Library near the town centre.
Vendor
Vendor
Vendors Solicitor
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Vendor
Vendor
Vendors Solicitor
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