Studio for sale

>

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 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.