Zest Homes Sales & Lettings
Tel: 01227 949291
88 Herne Bay Road
Herne Bay
Whitstable
Kent
CT5 2LX
Avenue Road, Herne Bay
£475,000 Sold (STC)
7 Bedroom House - Terraced
- Attractive rental yield of 9.53%
- Five self-contained residential flats
- Three one-bedroom apartments
- Accommodation arranged over four floors
- All five flats currently tenanted
- Assured Periodic Tenancies in place
- Established rental income from completion
- Properties understood to be compliant with letting regulations
- Excellent addition to an existing investment portfolio
- Walking distance to Herne Bay railway station
EXCELLENT INVESTMENT OPPORTUNITY – FIVE SELF-CONTAINED FLATS – 9.53% RENTAL YIELD – AVENUE ROAD, HERNE BAY
Zest Homes Sales & Lettings are delighted to offer this substantial residential investment opportunity, ideally positioned on Avenue Road, Herne Bay, just a short walk from the town centre, seafront, beach and mainline railway station. Offering an attractive rental yield of 9.53%, this fully tenanted property represents an excellent opportunity for investors seeking an established income-generating asset.
Arranged over four floors, this impressive building comprises five self-contained residential flats, consisting of three one-bedroom apartments and two two-bedroom apartments, providing a desirable mix of accommodation within a popular coastal location.
All five flats are currently occupied under Assured Periodic Tenancies, offering purchasers the benefit of an established rental income from the outset. The properties are understood to be compliant with the relevant residential letting requirements, providing additional reassurance to prospective investors.
A fantastic opportunity to acquire a ready-made residential investment in a desirable and well-connected coastal location.
Further information regarding rental income, tenancy arrangements and compliance documentation is available upon request.
CALL ZEST HOMES SALES & LETTINGS TODAY TO ARRANGE YOUR VIEWING!
Tenure: Freehold
EPC Ratings
Flat 1, 20, Avenue Road, HERNE BAY, CT6 8TBD
Flat 1a, 20 Avenue Road, HERNE BAY, CT6 8TBC
Flat 2, 20 Avenue Road, HERNE BAY, CT6 8TBC
Flat 3, 20, Avenue Road, HERNE BAY, CT6 8TBC
Flat 4, 20, Avenue Road, HERNE BAY, CT6 8TBC
Council Band A (For all flats)
Solicitors' Verification and Due Diligence
Prospective purchasers are advised to instruct their solicitors to undertake full due diligence and ensure that all relevant documentation relating to the property and its five individual flats is obtained, reviewed and verified prior to exchange of contracts. This should include, but is not limited to, tenancy agreements, rent schedules, deposit protection documentation, relevant licences (where applicable), Gas Safety Certificates, Electrical Installation Condition Reports (EICRs), Energy Performance Certificates (EPCs), fire safety documentation, planning permissions, building regulations approvals and any other statutory compliance records.
Purchasers' solicitors should also verify the current tenancy arrangements, rental income, legal status of each flat and any obligations associated with ownership and management of the building.
**Zest Homes Sales & Lettings makes no warranty as to the completeness or accuracy of documentation supplied, and purchasers must rely upon their own legal advisers and professional investigations before proceeding with the purchase.**
Location
Situated on the popular Avenue Road in Herne Bay, the property enjoys a highly convenient position within easy walking distance of the vibrant town centre, with its selection of independent shops, cafés, restaurants and everyday amenities.
Herne Bay's beautiful seafront, promenade and beach are also just a short stroll away, while the mainline railway station provides convenient connections towards London and neighbouring coastal towns. This sought-after location continues to appeal to tenants seeking the convenience of town-centre living combined with the benefits of a coastal lifestyle.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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