Investment alert!
Miles and Barr are pleased to bring to the market this large terrace property located right in the heart of Herne Bay. Currently set up as a house of multiple occupancy the current owners have managed the property for a number of years giving them a good return on their investment.
Inside the property the accommodation comprises of seven rooms with kitchens, two shared shower rooms and two separate wc's. In our opinion due to its location the property offers a number of options subject to planning permission to leave it as is, convert into apartments or back into a family home. The current owners have informed us that the property is capable of bringing in approximately £24,000 per year giving you a potential yield of 6%*.
For further information or to arrange a viewing call sole agents Miles and Barr !
*rental figures are approximate and are used for example only.
Herne Bay is a popular coastal town benefiting from a range of local amenities including retail outlets and educational facilities. There are also a good range of leisure amenities including rowing, sailing and yacht clubs along with a swimming pool, theatre and cinema. The mainline railway station (approximately 1 mile distant) offers fast and frequent links to London (Victoria approximately 85mins) as well as the high speed service to London (St Pancras approximately 87mins). The town also offers excellent access to the A299 which gives access to the A2/ M2 motorway network. The picturesque town of Whitstable is only 5 miles distant which also enjoys a variety of shopping, educational and leisure amenities including sailing, water sports and bird watching, as well as the seafood restaurants for which it has become renowned. The City of Canterbury is approximately eight miles distant with its Cathedral, theatre and cultural amenities, as well as benefiting from excellent public and state schools. The City also boasts the facilities of a major shopping centre enjoying a range of mainstream retail outlets as well as many individual shops.
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