Property for sale
Property description & features
- Tenure: Freehold
- Exceptional Investment Opportunity: Fully Tenanted Block of Flats
- Consistent Rental Income:
- Annual Yield OF Approx 9%
- Freehold Title
- Current Certifications CP12, EICR and EPCs
- All Flats Hold Up to date EPCs
- Viewing By Apointment Only
- Currently Managed Via Zest Homes with Full documents available
- Proof Of Funds Will Be Requested
- Yield Spreadsheet Available Upon Registration Of Full Details
Zest Homes is proud to present a remarkable investment opportunity on Station Road, Herne Bay. This well-maintained building, managed by Zest Homes for many years, accommodates eight flats spread over four floors, offering a mix of one-bedroom, studio, and two-bedroom units. The property includes both front and rear gardens, providing a pleasant living environment for tenants.
Key Features
Eight Flats: Comprising three one-bedroom flats, four studio flats, and one two-bedroom flat.
Fully Tenanted: All units are currently let on Assured Shorthold Tenancies (ASTs).
Consistent Rental Income: All tenants pay their rent on time, ensuring a reliable income stream.
Annual Yield: The property offers a robust annual yield of approximately 9%, making it an attractive investment.
Freehold Title: The building holds an absolute freehold title with no individual leases on the flats.
Current Certifications: All EPCs, gas certificates, and Electrical Installation Condition Reports (EICRs) are up-to-date and compliant.
For more detailed information or to arrange a viewing, please contact our team at Zest Homes. We are here to answer any questions and provide further details to help you make an informed investment decision.
Investment Highlights - Strong Rental Demand: Herne Bay is a popular residential area with strong rental demand, ensuring high occupancy rates.
Experienced Management: Zest Homes' long-standing management of the property guarantees smooth operations and tenant satisfaction.
Prime Location: Situated on Station Road, the property is conveniently located near local amenities, transport links, and the vibrant town center of Herne Bay.
Low Maintenance: The building has been well-maintained, reducing potential maintenance costs and ensuring a hassle-free investment.
Financial Information - Total Annual Income: Provides a yield of around 9%.
Tenancy Details: All flats are let on ASTs, ensuring flexibility and security for both the landlord and tenants.
Compliance And Certifications - EPCs: All flats have current and valid Energy Performance Certificates.
Gas Safety: Up-to-date gas safety certificates for all relevant units.
EICRs: Current Electrical Installation Condition Reports for each flat.
Epc Bands And Expiry Dates - FLAT 1, 113 STATION ROAD, HERNE BAY, CT6 5QBD13 April 2031
FLAT 2, 113 STATION ROAD, HERNE BAY, CT6 5QBD13 April 2031
Flat 3, 113 Station Road, HERNE BAY, CT6 5QBD13 January 2032
Flat 4, 113, Station Road, HERNE BAY, CT6 5QBE1 August 2028
Flat 5, 113 Station Road, HERNE BAY, CT6 5QBC24 February 2033
Flat 6, 113 Station Road, HERNE BAY, CT6 5QBC24 February 2033
Flat 7, 113, Station Road, HERNE BAY, CT6 5QBE17 September 2028
Flat 8, 113, Station Road, HERNE BAY, CT6 5QBE15 May 2028
All Flats Council Tax Band A -
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Property reference 33224287. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Zest Sales & Lettings - Herne Bay.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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