East Street, Herne bay, CT6
Commercial for sale
Miles and Barr Commercial are delighted to bring to the market this nine-unit HMO business on East Street, Herne Bay. This property has nine letting units over three floors.
Alongside the spacious nine units, the property also benefits from a communal kitchen area for residents, a small communal courtyard to the rear, and subtle sea views from a number of rooms. Four of the units, have their own kitchenettes, with two units also having their own showers.
With the property currently fully tenanted on AST statutory periodic tenancy contracts, it is bringing in a gross income of £35,421 per annum, lending itself to rental yield of 8.2%. It is also worth noting the high demand for the units as and when they become available. Full details of tenancies and accounts are available on request.
This property lends itself to a number of investors, and viewings are highly recommended!
Please call us on 01227 499500 to arrange.
Room Sizes
| Room One | 4 x 4.5 (13'1" x 14'9") |
| Room Two | 3.7 x 3.7 (12'1" x 12'1") |
| Shared Kitchen | 3.76 x 5 (12'4" x 16'4") |
| Flat Three Including WC/Shower Room | 3.9 x 3.7 (12'9" x 12'1") |
| Spacios Communal Garden | |
| Flat Four | 3.6 x 3.4 (11'9" x 11'1") |
| Flat Four Kitchen | 2.65 x 2.4 (8'8" x 7'10") |
| Communal Bathroom | 1.45 x 2.75 (4'9" x 9'0") |
| Flat Five | 3.7 x 3.7 (12'1" x 12'1") |
| Flat Six | 4.5 ( into bay) x 3.55 (14'9" ( into bay) x 11'7") |
| Flat Six Kitchen | 1.85 x 3.55 (6'0" x 11'7") |
| Flat Seven inc Kitchenette | 3.5 x 3.8 (11'5" x 12'5") |
| Flat Eight | 3.7 x 3.7 (12'1" x 12'1") |
| Flat Nine | 3 x 3.25 (9'10" x 10'7") |
| Flat Nine Kitchenette | 2.6 x 3.25 (8'6" x 10'7") |
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