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