Property description
Attention - Buy to Let investors
We are delighted to offer under our Portfolio service a rare chance to purchase a selection of one and two bedroom flats in a modern development all currently let out on assured shorthold tenancies and being sold as a package that would include the freehold to the entire property.
These modern flats were built to a high specification only 7 years ago and have remained consistently let throughout this period and our clients are seeking a purchaser keen to take on the development and are looking to release a package of seven flats initially.
The package of flats are made up of 5 one bedroom units let at an average of £550 pcm and 2 two bedroom flats let for £630 pcm that total a gross rental of approx £48,000 PA. A full maintenance fund is in place for this development and although the freehold will be sold with the flats each unit currently has a 118 year lease.
The one bedroom units our clients are looking to achieve OIRO £120,000.00 while the two bedroom units will be OIRO £135,000.00
Scotts Terrace is a quiet residential area very conveniently located a short walk from Chatham station and all amenities of the nearby town centre while the major road links make it a particularly attractive location for young working professionals.
For further information on this proposal please contact Philip Coady on 020 86581111