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For Sale Castle Hill, Dover, CT16 Guide £300,000

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More about this property

Investment Opportunity

Block of Four, One Bedroom, Self Contained Flats

Long Term Tenants in Situ

Potential to Add Value

Four Storey Georgian Building

Annual Gross Income of £26,820

Potential to Convert Basement Area, subject to planning permission

Converted in 1980

Nearby to Local Amenities

Short Ten-Minute Walk to Dover Priory

Council Tax , DDC

Freehold

CALLING ALL INVESTORS. For sale, a freehold block of four one bedroom self-contained, tenanted flats in the centre of Dover with potential to add value. 12 Castle Hill is a four storey, Georgian building believed to have been converted in 1980 to its current configuration of four individual flats that have long term tenants in situ producing an annual gross income of £26,820. There is a ground level basement area accessed from the rear of the property that could be converted to a one bed room flat with garden and own entrance, subject to planning permission.

The property consists of a shared entrance with fronts doors to each flat

Flat One First Floor
Lounge/kitchen 3.4 x 5.0
Bedroom 2.9 x 2.4
Bathroom 1.5 x 2.5

Flat Two Second Floor
Lounge/kitchen 4.5 x 4.2
Bedroom 2.9 x 2.7
Bathroom 1.8 x 1.8

Flat Three
Lounge/kitchen 4.3 x 4.2
Bedroom 2.5 x 2.5
Bathroom 1.7 x1.7

Flat Four
Lounge/kitchen 4.6 x 4.3
Bedroom 4.4 x 2.5
Bathroom 1.8 x 1.7

With local amenities on the doorstep, a ten-minute walk to Dover Priory mainline railway station and views of the new St James Retail Park. The coastal town of Dover offers a range of shopping, educational and recreational facilities as well as the Docks and seafront. The nearby A2 dual carriageway offers a fast connection to the Cathedral City of Canterbury.

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IMPORTANT NOTICE FROM THOMAS AND PARTNERS

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

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Refundable Holding deposit - Capped at 1 weeks rent

Security Deposit - Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent - The agreed monthly rent

Changes to tenancy - Capped at £50 inc VAT

Early termination charge - Not exceeding the landlord’s financial losses

Late payment of rent - Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys - Reasonable costs or give the tenant the option to purchase themselves.

Utilities, council tax, communication services, TV Licence etc - Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme
Membership details - Client Money Protection Scheme -----UK Association of Letting Agents (UKALA)

Property Redress Scheme Membership details - Membership number D8870

DPS Deposit protection Scheme - Agent Number 1581837