A Well Located Freehold Investment Opportunity Consisting Of Four Apartments Producing a Rental Income of £63,120 Per Annum.
Description
The property comprises a Semi Detached building arranged as Four apartments over Four floors
Tenure
Freehold
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
Located in Folkestone, next to the old Folkestone Library near the town centre full of shops and eateries and the Harbour. Folkestone Central Train Station is a 13 minute walk with trains across Kent and into London St Pancras and London Charing Cross.
Tenancy
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.
Sector
Residential