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For Sale St George's Place, Canterbury, CT1 £10,500,000

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More about this property

New Build Development

33 Luxury Residences

Total Annual Rental Yield of £500,000

High-Specification & Contemporary Design Features

Premium Integrated Appliances Throughout

Long-Term, Reliable Tenants

Heat Recovery System & Lift Access

Allocated Parking & Bike Store

Central Location

Excellent Transport Links & Easy Access to A2/M2

Leasehold

999 Lease Years Remaining

Ground Rent None

Service Charge None

A rare opportunity to acquire a portfolio of 33 modern one and two bedroom apartments at Charter House, Canterbury boasting high-specification and contemporary design features.The majority of units are occupied by long-term, reliable tenants, delivering a total annual rental yield of £500,000. The city of Canterbury is sought after with its rich heritage and extensive range of amenities. Canterbury East & Canterbury West Mainline Railway Stations provide links to London, Ashford, the coastal towns of Dover, Folkestone, Broadstairs & Margate and the high-speed rail connection to London St Pancras in just under one hour. Ashford International Station and the Channel Tunnel at Folkestone are approximately 14 miles away and provide regular Eurostar and shuttle services to the continent, whilst the A2/M2 motorway provides good access to both London and the Channel port of Dover. The city has an excellent bus service to all surrounding towns; the nearest seaside town is Whitstable which offers an array of independent shops and cafes in the bustling old high street and a selection of eateries, market stalls & ice cream parlours on the harbour. these apartments offer an ideal investment opportunity in one of Kent’s most desirable locations.

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Floor Plan 3 Floor Plan 1 Floor Plan 4 Floor Plan 5 Floor Plan 2

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