Commercial property for sale in Central Parade, Herne Bay CT6

Miles and Barr Commercial are delighted to bring to the market this seven-unit HMO business on Central Parade, Herne Bay. The property benefits from spectacular sea views and comprises of seven separate flats. The property measures 237 Sqm in total.

Flats 1,4,5,6,7 are all self contained flats, however, flats 2 and 3, share communal WC's and bathrooms.

Investment Opportunity
All of the seven letting flats are currently let at the following rents of which include Rent and Gas:

Flat 1 - £455 (21 Sqm)
Flat 2 - £500 (17 Sqm)
Flat 3 - £650 (31 Sqm)
Flat 4 - £675 (36 Sqm)
Flat 5 - £675 (47 Sqm)
Flat 6 – £695 (34 Sqm)
Flat 7 - £640 (51 Sqm)

All Seven of the flats are currently managed by Miles and Barr Property management, and viewings are to be arranged by appointment only!

Location

Herne Bay is a popular coastal town benefiting from a range of local amenities including retail outlets and educational facilities. There are also a good range of leisure amenities including rowing, sailing and yacht clubs along with a swimming pool, theatre and cinema. The mainline railway station (approximately 1 mile distant) offers fast and frequent links to London (Victoria approximately 85mins) as well as the high speed service to London (St Pancras approximately 87mins). The town also offers excellent access to the A299 which gives access to the A2/ M2 motorway network. The picturesque town of Whitstable is only 5 miles distant which also enjoys a variety of shopping, educational and leisure amenities including sailing, water sports and bird watching, as well as the seafood restaurants for which it has become renowned. The City of Canterbury is approximately eight miles distant with its Cathedral, theatre and cultural amenities, as well as benefiting from excellent public and state schools. The City also boasts the facilities of a major shopping centre enjoying a range of mainstream retail outlets as well as many individual shops.