10 bedroom block of apartments for sale
Key information
Property description & features
- Tenure: Freehold
- Comprises 6 x apartments and 1 x Commercial Unit
- Freehold Purchase
- Circa £85,000 per annum rental income
- Holiday Let Potential
- Some Sea Views
- 2 Apartments with Private Balconies
- Ground Floor Apartment With Garden
- 10 Year Builders Guarantee
FOR SALE WITH BURNAP + ABEL... Welcome to The Bayle, Folkestone - where prime location meets incredible investment opportunity. This block of 6 new build apartments offers a total of 57 square metres of commercial premises, creating the perfect blend of residential and business potential. Currently generating an impressive rental income of circa £85,000 per annum, this property is truly a must-have for savvy investors looking to increase their portfolio. Don't miss out on this rare chance to own a piece of luxury in one of Folkestone's most sought-after areas. Sensible offers welcomed by the current vendors.
Rooms
Main Information
Investment Consideration:<br />Gross Initial Yield: 5.67%<br />Rental Income: £85,000 p.a.<br />VAT is NOT applicable to this property<br />SPV can be purchased to minimise stamp duty<br />Apartments can be used for holiday lets<br />Comprises block of 6 apartments (2 x 1-Bed & 4 x 2-Bed) and 1 commercial unit<br />2 apartments benefit from private balcony, while ground floor apartment benefits from private patio<br />Total residential area 287 sq m (3,089 sq ft)<br />Total commercial area 57 sq m (614 sq ft)<br />Development completed in December 2023<br />10 year new-build warranty guarantee
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