DESCRIPTION:
Freehold Investment Property. High Gross Yield of 9.6% (based on guide) in the Heart of Maidstone.
ACCOMMODATION:
Ground floor; Retail shop. Let a commercial lease for a term of 10 years from 2018 at £22,500 per annum.
Upper parts are arranged as two residential flats. Each flat is let on an AST at £650 and £700 per calendar month.
Total Annual Rent £38,700 per annum.
LOCATION:
Maidstone is the largest town in Kent, England, of which it is the county town. Maidstone is historically important and lies 32 miles (51km) east-south-east of London. The River Medway runs through the centre of the town, linking it with Rochester and the Thames Estuary. Historically, the river carried much of the town’s trade as the centre of the agricultural county of Kent, known as the Garden of England.
TENURE:
Freehold
