The Bayle, Folkestone, CT20

Property Details: • Type: Block of Apartments • Tenure: N/A • Floor Area: N/A

Key Features: • Comprises 6 x apartments and 1 x Commercial Unit • Freehold Purchase • Circa £85,000 per annum rental income • Holiday Let Potential • Some Sea Views • 2 Apartments with Private Balconies • Ground Floor Apartment With Garden • 10 Year Builders Guarantee

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 4 Majestic Parade, Sandgate Road, Folkestone, CT20 2BZ

Full Description: FOR SALE WITH BURNAP + ABEL... Welcome to The Bayle, Folkestone - where prime location meets incredible investment opportunity. This block of 6 new build apartments offers a total of 57 square metres of commercial premises, creating the perfect blend of residential and business potential. Currently generating an impressive rental income of circa £85,000 per annum, this property is truly a must-have for savvy investors looking to increase their portfolio. Don't miss out on this rare chance to own a piece of luxury in one of Folkestone's most sought-after areas. Sensible offers welcomed by the current vendors.Main InformationInvestment Consideration:Gross Initial Yield: 5.67%Rental Income: £85,000 p.a.VAT is NOT applicable to this propertySPV can be purchased to minimise stamp dutyApartments can be used for holiday letsComprises block of 6 apartments (2 x 1-Bed & 4 x 2-Bed) and 1 commercial unit2 apartments benefit from private balcony, while ground floor apartment benefits from private patioTotal residential area 287 sq m (3,089 sq ft)Total commercial area 57 sq m (614 sq ft)Development completed in December 202310 year new-build warranty guaranteeBrochuresBrochure 1