Black Bull Road, Folkestone, CT19

Property Details: • Type: House • Tenure: N/A • Floor Area: N/A

Key Features: • Freehold • Split into Two Flats • Current Annual 7.2% Yield • Potential to Increase Rents • Tenants in Situ • Central Folkestone Location

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

Agent Information: • Address: 101 Sandgate Road, Folkestone, Kent, CT20 2BQ

Full Description: Located in the centre of Folkestone, this freehold property offers a unique investment opportunity. Split into two separate units, this property consists of a one-bedroom ground floor flat with a charming courtyard garden and a two-bedroom maisonette. Boasting a gross annual yield of 7.2%, this property presents an enticing investment prospect for first-time investors and seasoned landlords alike.With tenants already in situ, this property offers a hassle-free investment opportunity, ensuring a steady income stream from day one. The existing rental income provides a strong foundation for future growth, with ample potential to increase the rents and enhance the overall return on investment.Ideal for those seeking a hands-on investment, this property is perfectly positioned for landlords looking to expand their portfolio. The central location of this property ensures easy access to the town's amenities and transport links making it a highly desirable location for potential tenants.The one-bedroom ground floor flat offers a comfortable living space, complete with a private courtyard garden. The thoughtfully designed layout maximises space and natural light, creating a welcoming environment for residents to enjoy.The two-bedroom maisonette, located on the upper floors of the building, offers a spacious and versatile living space, ideal for professionals, couples, or small families. The well-appointed rooms, modern amenities, and design make this unit a sought-after rental property in the area.With tenants already in place, this property presents an investment opportunity for those looking to enter the property market or expand their existing portfolio. The existing rental income, combined with the potential for further growth, ensures a solid return on investment and a secure financial future.Whether you are a seasoned investor or a first-time landlord, this property offers a compelling opportunity to generate passive income and build wealth through property investment. With its attractive gross annual yield, convenient location, and potential for growth, this property is a wise choice for those looking to make a smart investment in the thriving town of Folkestone.Contact us today to arrange a viewing and take the first step towards securing your financial future with this exceptional investment property.Please note that there is currently a tenant in-situ and they could be required to be given up to 2 months’ notice to vacate the property.These property details are yet to be approved by the vendor.Identification checks Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your identity. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.Location SummaryAwarded Best Place to Live in The South East by The Times 2024; This coastal town is the very model of modern regeneration for shipshape and stylish living. Folkestone has seen much regeneration over the past few years, with much more planned going forward, especially surrounding the town centre and Harbour. Folkestone has a large array of shops, boutiques and restaurants as well as many hotels and tourist attractions. Folkestone is fortunate to have two High Speed Rail links to London, both offering a London commute in under an hour. There are great transport links to surrounding towns and cities and easy access to the continent too. With so much going on and with the future bright, Folkestone is an excellent location to both live and invest in.EPC Rating: D Entrance Leading to Lounge (7.32m x 4.87m) Bedroom (3.42m x 2.47m) Kitchen (2.5m x 2.4m) Shower Room With a shower, hand wash basin and toiletBrochuresBrochure 1