Description
A superb opportunity to a acquire a residential investment comprising 4 flats in the coastal town of Rye. The flats are finished to an excellent standard throughout. The combined potential rental income is c£61,200 producing a gross yield of c6.44%.
Location
Rye is an affluent and attractive coastal town in East Sussex, situated approximately 19 miles southwest of Ashford and 12 miles east of Hastings. London is 62 miles to the northwest. Road communications are good with the A259 / A2070 linking onto the M20 at Junction 10 (Ashford). Rye railway station is only 250 metres from the property providing direct services to Ashford International, Hastings and Eastbourne.
Internal Details
Flat 1 is located on the ground floor and faces outwards to the main road, it comprises of 2 bedrooms and 1 bathroom with an open plan kitchen/dining and living area. The flat is of a good and modern condition.
Flat 2 is located on the ground floor and faces onto the car park to the rear of the property. It comprises of 2 bedrooms with a Jack and Jill bathroom and an open plan kitchen/dining and living area.
Flat 3 is located on the first floor and is a duplex apartment. The flat comprises of 3 bedrooms, 2 bathrooms with an open plan kitchen/dining and living area overlooking the car park to the rear of the property. The third bedroom is located on the second floor. The flat is of a good and modern condition.
Flat 4 is located on the first floor and is a duplex apartment. It comprises of 3 bedrooms, 2 bathrooms with an open plan kitchen/dining and living area. One of the bedrooms benefits from an en-suite. The third bedroom is located on the second floor. The flat is of a good and modern condition.
Tenure
The freehold is available.
Agent Details
Christie & Co, Retail
03330 342041
Next Steps?
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