Victoria Park, Dover
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
6
- BATHROOMS
5
- SIZE
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Description
An excellent opportunity to acquire a substantial residential investment comprising five spacious leasehold flats, offered for sale strictly as a single portfolio.
The accommodation consists of four generous one-bedroom flats and a spacious two-bedroom flat occupying the top floor. The flats are well proportioned throughout and offer attractive accommodation with strong rental potential.
Four of the five flats are currently let, producing a combined rental income of approximately £32,640 per annum. There is considerable scope to increase the existing rents towards current market levels, with an anticipated combined rental income across the development in the region of £45,000-£48,000 per annum, subject to refurbishment, market conditions and appropriate tenancy arrangements.
The basement flat currently requires refurbishment before being placed onto the rental market. This has been taken into consideration within the asking price and provides an incoming purchaser with the opportunity to improve the accommodation and further enhance the overall rental return.
The properties are being sold on a leasehold basis only, and the sale does not include the freehold interest in the building. Prospective purchasers should satisfy themselves as to the individual lease terms, service charges, ground rents and other relevant leasehold provisions through their legal representatives.
This opportunity is likely to appeal particularly to portfolio landlords and property investors seeking an established income-producing investment with further potential for rental growth and value enhancement.
Please note: the five flats are offered strictly as one transaction. Individual flats will not be considered for separate sale.
Early enquiries are recommended for further information regarding the existing tenancies, rental schedule and leasehold arrangements.
Tenure: Leasehold (100 years)
Ground Rent: £100 per year
Service Charge: £800 per year
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Communal garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Victoria Park, Dover
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Visit our security centre to find out moreDisclaimer - Property reference RS0132. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Kent Sales and Lettings, Dover. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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