Business Summary

INVESTMENT PROPERTY, FOLKESTONE, KENT PRODUCING INCOME OF £34,000.00. REVENUES SHOWING 10% + RETURN ON INVESTMENT, ON PURCHASE PRICE.

Large Victorian house. This investment property, which was established in 2005 and which now being offered to the market due to retirement. The property offers 2 self-contained flats and 7 bedsits, which generate a rental income of £34,000,00 per annum with a gross profit of 90%. There is currently full occupancy with long term tenants. A new owner could utilise some of the letting accommodation for owners’ accommodation, if so desired. The property has been fitted to a high standard and is well-maintained throughout. This is an ideal opportunity to acquire a fully occupied property with long term tenants. MAKE AN OFFER! OWNERS RETIREING.

Located on Cheriton Road, Folkestone in Kent. This semi-detached property is ideally located in a tree lined street in a residential area of the town centre and surrounded by a mix of residential and a few commercial properties. The local amenities are in the vicinity, including Folkestone Campus and Royal Victoria Hospital. The seafront is just a short distance away, boasting beautiful sandy and pebble beaches, waterfront park with walks to Sangatt. Folkestone is a vibrant seaside resort and is popular with tourists and day trippers alike. The area is well-served by public transport with numerous bus stops and a railway station within easy walking distance. The premises boast easy access to the A-road network and the M20 motorway. Dover lies 7 miles away, while Ashford is approximately 16 miles away.

Premises Details: Substantial 3-storey semi-detached premises with 2 self-contained flats and 7 bedsits. Briefly comprising: Ground Floor Entrance hallway with stairs to upper floors Self-contained flat with 2 x double bedrooms, bathroom and open plan kitchen/ lounge/ diner with refrigerator, sink, freezer, washing machine, microwave oven, TV, tables and chairs and sofa Self contained bedsit with kitchenette/ lounge/ bed area and shower room Basement Cellar, used for storage First Floor Bedsit with refrigerator, TV, microwave oven, bed, sofa and wash hand basin Bedsit with refrigerator, TV, microwave oven, bed, sofa and wash hand basin Bedsit with refrigerator, TV, microwave oven, bed, sofa and wash hand basin Bedsit with refrigerator, TV, microwave oven, bed, sofa and wash hand basin Bedsit with refrigerator, TV, microwave oven, bed, sofa and wash hand basin Bedsit with refrigerator, TV, microwave oven, bed, sofa and wash hand basin 2 x shared shower rooms 2 x shared WCs with wash hand basins Second Floor Self-contained flat comprising double bedroom with shower room/ WC and lounge/ kitchen with microwave oven, cooker, fridge freezer, suite, table and chairs External Rear courtyard with storage shed Small garden to front.

CALL NOW FOR VIEWINGS 01227 807080.

IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

Property Details