4 bedroom terraced house for sale

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4 bedroom terraced house for sale

9 Grace Hill, Folkestone, Kent
£190,000

Our Summary

  • Residential EPC: ECommercial EPC: DImportant:All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers

Description

This four-storey mid-terraced property in Grace Hill, near the town center and university, offers a unique investment opportunity. The ground floor is currently let to Channel Cars under a seven-year lease for £6,600 per annum, while the two upper floors are divided into two flats, both let on Assured Shorthold Tenancy Agreements. Flat A is a one-bedroom unit with a living room, kitchen, and bathroom, let for £510 per month, while Flat B is a three-bedroom maisonette with a living room, kitchen, and bathroom, let for £730 per month. The property has a total floor area of 81 sq.m. and benefits from separate entrances for the commercial and residential units. The auctioneer notes that they have not been able to internally inspect the property, but the accommodation information has been provided by the joint auctioneers.
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