Lot 87: HIGH YIELDING FREEHOLD RESIDENTIAL INVESTMENT

Available At £390,000 + Fees
99 Cheriton Road, Folkestone, Kent. CT19 5HD

Currently let at £43,279.92 per annum

Viewing by arrangement with Clive Emson Auctioneers

01622 608400

Kevin Gilbert/Chris Milne

A substantial semi-detached building located opposite Radnor Park and adjacent to Folkestone Central railway station.

The property is arranged as two self-contained flats and 10 bedsits, all of which are let, with many of the tenants having been in occupation for several years.

The two flats each have a private rear entrance.

Flat A

Ground Floor

Private rear access, bed/living room, kitchen and bathroom with W.C.

Tenancy

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

Flat B

Ground Floor

Private rear access, kitchen/living room/bedroom, inner hall and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy at a current rental of £280 per calendar month.

Main House

Ground Floor

Communal entrance with door to lower ground floor unit and landlord’s storage room.

First Floor

Shower room with W.C.

Second Floor

Bathroom with W.C.

10 Bedsits

The bedsits are arranged over the ground, first and second floors.

Tenancies

Each unit is let under the terms of an Assured Shorthold Tenancy. Further information is detailed in the Table, shown right.

Outside

Gardens and parking to side.

Residential EPC: D

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.