
Rare investment opportunity to purchase three 1-bedroom flats in a small purpose-built block, situated on the ground floor and currently tenanted.
IDEAL INVESTMENT OPPORTUNITY! Rare opportunity to purchase three 1-bedroom flats in a small purpose-built block, situated on the ground floor and currently tenanted. The current tenancy expires on 31/12/2024 and it is estimated that the property could achieve £700pcm on the rental market, giving a yield of 6.72%. The block benefits from communal gardens, communal parking and is close to the Royal Military Canal and the Romney, Hythe and Dymchurch Light Railway. The spacious flats are in good condition throughout. Ideal if you're looking to add to a buy-to-let portfolio. The flats are each to be sold with the benefit of a new 125-year lease.
Located in a quiet cul-de-sac close to Hythe’s Royal Military Canal with its lovely waterside walks, as well as all the amenities that Hythe has to offer including a range of shops, cafes and several supermarkets.
Communications are good from Folkestone West Railway Station with its high-speed rail link which will transport you to London St Pancras in under 1 hour. There are also good local bus services nearby.
Situated on Kent’s South coast, the historic town is a balanced mix of ancient and modern architecture, with the High Street retaining a ‘yesteryear' atmosphere. Hythe is a renowned destination for family leisure and seaside activities.