2 bed Ground Floor Flat
£170,000
Sittingbourne, Kent
INVESTMENT OPPORTUNITY ACHIEVING A 6.21% GROSS RETURN | Are you looking to add to your portfolio or purchase your first buy to let property? This modern ground floor apartment with a long-term tenant in situ would be a great investment opportunity.
Not only is this property achieving a gross rental yield of 6.21% but it benefits from a long lease term with approximately 233 years remaining.
Barley House is situated on the popular Great Easthall development to the east of Sittingbourne and enjoys views across the lake at the development entrance.
The location of this modern development is a popular choice for families and the area boasts high rental demand due to the vast number of local employers and convenient access to the A249.
Sittingbourne town centre and mainline railway station are approximately 2.4 miles (by car) and 1.6 miles (by foot) from the property.
The internal accommodation comprises an entrance hall with storage cupboards, an open plan living/kitchen area with dual aspect bay windows, two bedrooms, and a family bathroom.
Further features comprise UPVC double glazing, gas fired central heating, an intercom entry system, and one allocated parking space. Further on street parking is available in this area.
Sittingbourne is situated approximately 17 miles from Canterbury and within 45 miles of London. Railway links to London Victoria and HS1 to St. Pancras International has made the town a popular choice for commuters.
The town offers a variety of leisure facilities including Swallows Leisure Centre, the New Century Cinema, the Avenue Theatre, the light railway, a heritage railway that operates from Sittingbourne to the banks of the Swale, and a new cinema complex.
Identification Checks:
In compliance with Anti-Money Laundering Regulation (AML), it is imperative that we conduct thorough identification checks for every purchaser. These checks will be facilitated by a trusted third-party provider, incurring a fee of £30 including VAT per purchase. Please be advised that this fee is payable in advance and is non-refundable. Kindly note that we are unable to issue a memorandum of sale until these statutory obligations have been diligently met.
Lease Term
250 Year lease term from 01 January 2006 (approximately 233 years remaining)
Service Charge
Approximately £2,307.08 per annum.
Ground Rent
£275.00 per annum.
Hawkesford James
26 West Street
Sittingbourne
Kent
ME10 1AP
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