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9 bedroom flat for sale
Grace Hill, Folkestone, CT20
£725,000
Grace Hill, Folkestone, CT20
£725,000
Our Summary
- Situated in the heart of the bustling coastal town of Folkestone, we are delighted to offer a lucrative investment opportunity by presenting this well-appointed block of six flats to the market
- For those looking to maximise their return on investment, there is potential to increase the rents in line with current market values
- In addition to the financial incentives, the property's prime location and well-maintained condition further enhance its appeal as a sound investment opportunity
- Prospective buyers can rest assured that the property has been diligently maintained, minimising the need for immediate renovations or repairs
- In conclusion, this block of six flats represents a compelling investment opportunity in the vibrant coastal town of Folkestone
- With a strong rental income, the security of long-term tenants, and the potential for rental growth, this property holds significant promise for investors seeking a reliable source of passive income
Description
This property is a lucrative investment opportunity in the heart of Folkestone, comprising six well-appointed flats that generate a substantial annual income of £47,500. The block of flats, which includes the freehold and individual leases, offers a seamless transition for investors, with long-standing tenants in situ contributing to the stability and reliability of the rental income. The property's prime location in central Folkestone provides easy access to amenities, public transport links, and surrounding areas, making it an attractive proposition for investors seeking a low-risk investment with consistent cash flow. With the potential to increase rents in line with current market values, this property presents a promising investment opportunity for those looking to maximize their return on investment. The property has been well-maintained, minimizing the need for immediate renovations or repairs, and its central location and upkeep make it an attractive proposition for those looking to expand their property portfolio.