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Studio for sale
Kings Road, Herne Bay
£110,000
Kings Road, Herne Bay
£110,000
Price History
Initial price | £120,000 |
06/11/24 | £110,000 |
Price Change | -8.33% |
Description
Zest Homes is offering a compact, modern studio flat on the first floor, currently let for £695 per calendar month, providing a 9% yield. The property features a combined living and bedroom area, a separate kitchen, and a modern shower room. The lease has 999 years remaining from September 2022, with no ground rent payable, and the buyer will gain the share of freehold on completion, allowing them to discuss building insurance contributions and the creation of a reserve fund with other leaseholders.