Property description
Superb investment opportunity, block of 7 flats which all have tenants in situ on assured short-hold tenancies. FREEHOLD INCLUDED, all apartments have leases in place. 6% YIELD.The property was constructed and finished in 2009 by expanding an existing block and building new floors above to create a block of 7 flats in total which are all currently tenanted.
All apartments have individual leases set at 125 years from 2008. We have been informed the total rental income is £39,000 per annum retuning an attractive 6% yield.
For all enquiries please contact South Key Homes, Estate Agents in Folkestone.
Ground floor:
1 One bedroom apartment with its own separate entrance
First Floor:
1 One bedroom apartment
1 Two bedroom apartment
Second Floor:
1 One bedroom apartment
1 Two bedroom apartment
Third Floor
2 One bedroom apartment
Leases 125 years from 2008 with ground rents of £250 per annum, doubling every 25 years. Freehold included
Property Features :
- 7 flats included
- 2 x 2 bed apartments
- 5 x 1 bed apartments
- 6% YIELD
- Great investment