College Court, Canterbury - CT1 1UW

Guide Price £1,500,000
FOR SALE

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Type

Flat / Apartment

Type: Flat / Apartment

Bedrooms

Bedrooms: 18

Bathrooms

Bathrooms: 6

Receptions

Receptions: 5

Guide Price £1,500,000 - £1,600,000. A fantastic opportunity to purchase this freehold property comprising 5 fully furnished and let apartments with 6 parking spaces. Sold with tenants in situ where applicable. Potential annual income £85,800 with a yield of 5.7%

Fantastic investment opportunity in the heart of Canterbury
Full freehold property comprising 5 beautifully presented apartments
Potential annual income from the apartments of £82,500
6 parking spaces let for £50 per month per space providing additional income of £3300
Total potential income of £85,800 and a yield of 5.7%
All properties in fantastic condition and have been easily let for a number of years
0.3 miles from CCU, ideally placed for student tenants
0.7 miles from Canterbury City Centre with a plethora of amenities
Excellent transport links with easy access to the A2/M2
0.8 miles to Canterbury East & 0.9 miles to Canterbury West both with links to London

Overview

GUIDE PRICE £1,500,000

Property Description: Guide Price £1,500,000 - £1,600,000. A superb investment opportunity in the heart of Canterbury city centre. This fantastic freehold property has five beautifully presented apartments. The block will be sold with tenants in situ (where applicable) with a potential income of £82,500 per annum plus an additional income from the parking of £3,300 per annum. Flats 1, 2 and 4 are currently let while flats 3 and 5 are available to let.

Flat 1: A two bedroom apartment with a modern fitted kitchen, a living room and a shower room, currently let for £990 pcm

Flat 2: A three bedroom apartment with an open plan kitchen/living room and a shower room, currently let for £1,340 pcm

Flat 3: A four bedroom apartment with an open plan kitchen/living room and a shower room, currently available to let for £1720 pcm

Flat 4: A four bedroom apartment with an open plan kitchen/living room and a shower room, currently let for £1,700 pcm

Flat 5: A five bedroom apartment with an open plan kitchen/dining/living room, a TV room and two shower rooms, currently available to let for £1,750 pcm,

Outside: There are 6 parking spaces and they generate £50 pcm per space therefore and income of £3,300 per annum.

Location: College Court is located 0.3 miles from Christ Church University making it an ideal location for students studying at the University. The main campus is located on North Holmes Road which provides a friendly welcoming environment and a lively student community. The rest of the University is made up of satellite campuses at The Sidney Cooper Gallery, Hall Place, Christ Church Sports Centre and St Georges Centre, all within walking distance of the city centre and main campus. The city itself is 0.7 miles from the property and has a warm and friendly atmosphere with plenty of busy bars, atmospheric pubs and a wide range of restaurants and cafes as well as plenty of retail shops. London is an hour away by high-speed train from Canterbury West Station.

Directions: www.google.co.uk/maps - CT1 1UW

Council Tax: To check council tax for this property, please refer to www.gov.uk/council-tax-bands

Local Authority: Canterbury City Council - 01227 862 000. Kent County Council - 0845 247 247

Services: Electric heating, mains water and drainage.

Tenure: This property is freehold and is sold with tenants in situ where applicable