Investor Opportunity – Offers Over £80,000 – New 125-Year Lease
A rare chance to secure a high-yield investment in the heart of Herne Bay, Kent. This well-presented studio flat sits on the bustling High Street, perfectly positioned for strong rental demand thanks to its proximity to shops, cafes, and excellent transport links. Projected Rental Income: £675 pcm – Approx. 10% Gross Yield
Charges: Ground Rent: £100.00 / Buildings Insurance Contribution: £80.97 / Current Service Charge Demand: £167.87 (All charges cover 1st May 2025 – 30th April 2026)
Whether you’re building your portfolio or seeking a first investment, this turnkey property offers immediate income potential in a sought-after coastal town. Tenure: Leasehold Current Lease: 66 years (to be renewed to 125 years on completion)
Bathroom - 1.514 x 1.388 (4'11" x 4'6") -
Kitchen - 1.309 x 2.002 (4'3" x 6'6") -
Living/ Bed - 3.314 x 4.851 (10'10" x 15'10") -
Council Tax Band A -
Epc Rating E -
Agents Notes - Agents Notes: 1. Money Laundering Regulations: Please note all sellers and intended purchasers will receive an 'On Boarding' link to verify their identity. This is a legal requirement before a sale or purchase proceeding. 2. All measurements stated on our details and floorplans are approximate, cannot be relied upon, and do not form part of any contracts. 3. Zest Homes have not tested any services, equipment, or appliances, and it is, therefore, the responsibility of any buyer/tenant to do so. 4. Photographs and marketing material are produced as a guide only, and legal advice should be sought to verify fixtures and fittings, planning, alterations, and lease details. 5. Zest Homes holds the copyright to all advertising material used to market this property. 6. It is the responsibility of the buyer to obtain verification of the legal title of the property via their solicitor.
Lease Information - Charges: Ground Rent: £100.00 Buildings Insurance Contribution: £80.97 Current Service Charge Demand: £167.87 (All charges cover 1st May 2025 – 30th April 2026)
Current Lease: 66 years (to be renewed to 125 years on completion)
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Zest Sales & Lettings - Herne Bay. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Zest Sales & Lettings - Herne Bay for full details and further information.