Lot 9 - The Coach House, 106 Dover Road, Folkestone, Kent, CT20 1QY

  • Unconditional Online Auction Sale
  • Guide Price* : £600,000
  • Bedrooms: 11
  • Bathrooms: 4
  • Reception Rooms: 4

A Well Located Freehold Investment Opportunity Consisting Of Four Apartments Producing a Rental Income of £63,000 Per Annum.


Description

This residential building located in Kent, consists of 3 x 3 bedroom apartments and 1 x 2 bedroom maisonette.
Some of the apartments have the benefit of off street parking and one apartment has a garden.
Producing a rental income of £63,000 Per Annum.
If management is retained then the freehold is included with the price agreed for the four leasehold properties, but if management is not retained then the freehold is still available but by way of separate negotiation.

Tenure

Freehold

Accommodation

Flat 1 - Ground Floor
Living room
Kitchen
3 Bedrooms
Bathroom

Flat 2 - Ground floor
Living room
Kitchen
Ensuite
3 Bedrooms
Bathroom

Flat 3 - First & Second Floor Maisonette
Living room
Kitchen
2 Bedrooms
Bathroom

Flat 4
Living room
Kitchen
3 Bedrooms
Bathroom

Exterior
Parking on site

Location

This property is located in Kent at the junction of Dover Road and Harbour Road around half a mile east of Folkestone Town Centre which provides a variety of shops, eateries, leisure facilities and local services.
Transport links are provided by Folkestone Central, which is served by SouthEastern Trains.

Tenancy

Total monthly Income £5,250 PCM
Total Yearly income £63,000 PA

Sector

Residential

Yield

10%

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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