Lot 63: WELL MAINTAINED MULTI-LET RESIDENTIAL INVESTMENT

Guide Price £290,000 – £295,000 * + Fees
23 Milton Street, Maidstone, Kent. ME16 8JT

Currently let at £30,600 per annum

Estimated rental income £37,600 per annum

Viewing by arrangement with Clive Emson Auctioneers

01622 608400

John Stockey/Chris Milne

A substantial mid-terrace property providing residential accommodation over four floors, situated in a popular residential area convenient for the busy town centre.

The property has operated as an investment for many years as a multi-let house in multiple occupation. It has been well maintained throughout and has a gas heating system via radiators and replacement uPVC double glazed windows. The Sellers have recently received a House of Multiple Occupancy (HMO) Licence renewal from Maidstone Borough Council, through to 2022. The HMO Licence allows for double occupancy on four of the rooms which has the potential to enhance the rental income.

Ground Floor

Entrance hall to front, shared living room, fully fitted kitchen with a range units, rear hallway, bathroom and separate W.C.

Room 2

Tenancy

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

Lower Ground Floor/Basement

Room 1

Tenancy

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

First Floor

Landing and shared bathroom with W.C.

Room 5 – Front

Tenancy

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

Room 4 – Middle

Tenancy

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

Room 3 – Rear

Tenancy

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

Second Floor

Landing and access to loft storage.

Room 6

Tenancy

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

Outside

Forecourt garden. Rear garden with rear pedestrian access.

Auctioneer’s Note

The sellers have confirmed some white goods will be included in the sale. Further information will be provided in the legal documents

Freehold with Part Vacant Possession

Residential EPC: E

Map

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The map and satellite images are based on postcode information and are available for for directions only. The may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.