A Well Located Freehold Investment Opportunity Consisting Of Four Apartments Producing a Rental Income of £63,000 Per Annum.
Description
This residential building located in Kent, consists of 3 x 3 bedroom apartments and 1 x 2 bedroom maisonette. Some of the apartments have the benefit of off street parking and one apartment has a garden. Producing a rental income of £63,000 Per Annum. If management is retained then the freehold is included with the price agreed for the four leasehold properties, but if management is not retained then the freehold is still available but by way of separate negotiation.
Tenure
Freehold
Accommodation
Flat 1 - Ground Floor Living room Kitchen 3 Bedrooms Bathroom Flat 2 - Ground floor Living room Kitchen Ensuite 3 Bedrooms Bathroom Flat 3 - First & Second Floor Maisonette Living room Kitchen 2 Bedrooms Bathroom Flat 4 Living room Kitchen 3 Bedrooms Bathroom Exterior Parking on site
Location
This property is located in Kent at the junction of Dover Road and Harbour Road around half a mile east of Folkestone Town Centre which provides a variety of shops, eateries, leisure facilities and local services. Transport links are provided by Folkestone Central, which is served by SouthEastern Trains.
Tenancy
Total monthly Income £5,250 PCM Total Yearly income £63,000 PA
Sector
Residential
Yield
10%