Initial price	£135,000
21/03/24	£125,000
Price Change	-7.41%

This is an investment opportunity to purchase a spacious one-bedroom flat located on the first floor, just a short walk from the seafront in Herne Bay. The flat comprises an entrance hall, shower room, large lounge/kitchen, and double bedroom. The property is situated on the high street, providing easy access to all amenities, and is a short walk from the seafront and railway station, offering excellent links to London. The flat is currently let on an Assured Shorthold Tenancy and has a remaining term of 125 years. The service charge is £243.67 per annum, and the ground rent is due to increase to £100 in May 2023 and then £150 for the following 33 years. The current rental potential is £725 per calendar month, and the property is in Council Tax Band A.