- Investment opportunity
- 8.3% gross return
- 18 rooms to let
- Shared communal facilities
- Rear garden
- Parking for several cars
- Optional additional development opportunity (subject to planning)
- Planning consent granted for conversion into 9 apartments
HMO investment opportunity with a gross return of 8.3% per annum. A substantial freehold detached property comprising of 18 letable rooms, let to predominantly students who attend the University of Kent.
The property is located on Whitstable Road, Canterbury, a highly desirable position for students due to its walking proximity to the University, Canterbury City centre and Canterbury West Train Station.
Arranged over three floors, the property provides 18 bedrooms, large communal dining facilities with two kitchens, 3 shower rooms, 1 bathroom and 2 further WCs.
To the rear of the property there are gardens which lead onto a parking area for several cars which can be accessed from Westgate Court Avenue, via a shared driveway.
The property is let on individual tenancies with a collective income of £117,000 per annum which includes utility bills and a weekly communal clean.
The property benefits from having a large rear garden and additional parking area which may (subject to planning) offer optional additional development opportunity/use. In addition, the property was granted planning consent for the conversion to 9 x apartments on 2nd March 2016 ref CA/15/02157.
18 rooms let, on individual tenancies, which include all utility bills and a weekly communal clean.
Large communal dining space, two kitchens and a utility room.
Three shower rooms, one bathroom and two further WC's.
Rear Garden/ Parking
Rear garden with bike storage facilities, parking for several cars.
The HMO Licence on the property expires in December 2021
The property was granted planning consent for the conversion to 9 x apartments on 2nd March 2016 ref CA/15/02157.