Kings Road, Herne Bay Studio for sale

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Kings Road, Herne Bay Studio for sale

Kings Road, Herne Bay
£110,000

Price History

Initial price £120,000
06/11/24 £110,000
Price Change -8.33%

Description

Zest Homes presents a compact, modern studio flat on the first floor, currently let for £695 per calendar month, generating a 9% yield. The property features a combined living/bedroom area, a separate kitchen space, and a modern shower room. The flat is part of a freehold property with a 999-year lease from September 1, 2022, and no ground rent payable. Upon completion, the buyer will take over the share of freehold and have the opportunity to discuss building insurance contributions and creating a reserve with other leaseholders.