Block of flats for sale in The Bayle, Folkestone CT20
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Property features
- 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
Property description
Main Information
Investment Consideration:
Gross Initial Yield: 5.67%
Rental Income: £85,000 p.a.
VAT is not applicable to this property
spv can be purchased to minimise stamp duty
Apartments can be used for holiday lets
Comprises block of 6 apartments (2 x 1-Bed & 4 x 2-Bed) and 1 commercial unit
2 apartments benefit from private balcony, while ground floor apartment benefits from private patio
Total residential area 287 sq m (3,089 sq ft)
Total commercial area 57 sq m (614 sq ft)
Development completed in December 2023
10 year new-build warranty guarantee
Property info
For more information about this property, please contact
Burnap + Abel, CT20 on +44 1303 396032 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Burnap + Abel, and do not constitute property particulars. Please contact Burnap + Abel for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.