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Lot 108 - 23-bedroom Hmo With Good Rental Income

Mill House, Salters Lane, Faversham, Kent, ME13 8ND

£1,300,000
Residential
About this Property
1300000
Traditional
Residential
Description

Guide Price* : £1,300,000 Plus Currently let at £165,721 per annum A detached former care home which has been converted into a 23-bedroom House of Multiple Occupation and is now fully let. The building is located on the outskirts of Faversham town centre with good access to Faversham’s mainline railway station, along with the M2. The property has two communal kitchens, two communal areas, a laundry room and several communal shower/bathrooms along with W.Cs. Half of the bedrooms have their own en-suite W.Cs. with the other rooms sharing facilities. Mill House sits on a good size plot adjacent to Faversham Town Football Club with off road parking and gardens to rear. There is an unused outbuilding to the rear of the site which may offer potential, subject to all necessary consents being obtainable. Tenancies Each room is let under the terms of an Assured Shorthold Tenancy Agreement. The current rental figures are as shown in the Table below and a Tenancy Schedule will be included in the legal pack which will be available to download from the Clive Emson website. Local Planning Authority Swale Borough Council. Tel: 01795 417850. Website: swale.gov.uk. Viewing External only. Council Tax Band H

Location
More Information
Not Specified
Salters Lane
Residential
Planing Authority
Swale LPA

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