Lot 39: FREEHOLD INVESTMENT COMPRISING TWO FLATS

Sold £146,000

A mid-terrace property situated on the north east side of Folkestone, close to local shops. The property is divided into two units, a ground floor flat and a first floor/second floor maisonette, both of which are let under the terms of Assured Shorthold Tenancies.

The rents payable in each case have not been increased since their first occupation, number 76A since May 2009 and number 76B since September 2003. It is therefore, considered the rents are below market level.

76A Canterbury Rd

Ground Floor Flat

Separate entrance, living room, kitchen, bedroom and bathroom.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £350 per calendar month.

76B Canterbury Rd

Maisonette

Ground Floor

Separate entrance, entrance hall with stairs to first floor.

First Floor – Maisonette

Living room and kitchen.

Second Floor

Three bedrooms and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £425 per calendar month.

Residential EPC: C