INVESTMENT OPPORTUNITY COMPRISING A FREEHOLD TERRACE HOUSE ARRANGED AS TWO FLATS PRODUCING A COMBINED INCOME OF £1,200 pcm THUS PRODUCING £14,400 PER ANNUM WHICH WOULD DELIVER A YIELD OF 8.2% IF PURCHASED AT GUIDE.
A freehold terrace house arranged as two one bedroom flats both tenanted and producing a combined rental income of £1200 per calendar month.
GROUND FLOOR Bedroom: 13'1" x 10'1" (4.0m x 3.1m) Lounge: 12'1" x 10'1" (3.7m x 3.1m) Kitchen: 9'8" x 7'2" (3.0m x 2.2m) Bathroom: 7'2" x 5'2" (2.2m x 1.6m) FIRST FLOOR Bedroom: Lounge: Kitchen: Bathroom: First floor Measurements to follow
The property benefits from a small front garden that is primarily concrete based. There is a good sized rear garden and the property benefits from double glazed windows throughout.
The historic town of Gillingham benefits from national railway links to London Bridge, Victoria, Waterloo and high-speed to St. Pancras International train station which is under 1 hour commute. You can also catch a train to many Kent coastal towns such as Margate in under 1 hour. The high street has a selection of convenience stores, restaurants as well as a Costa Coffee. Gillingham has its very own football club and also benefits from the Great Lines Heritage Park, University of Kent Campus, Medway Park Sports Centre and Grammar schools.
Strictly by appointment with the Auctioneer Tel: 01622 589 623
Buyer's Premium - 1.2% inc VAT of the purchase price, subject to a minimum of £1800 inc VAT, payable on exchange of contracts.
Administration Charge - 0.6% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.