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PERFECT INVESTMENT OPPORTUNITY FOR ANY BUY-TO-LET LANDLORDS. Coles Group are delighted to offer this spacious top floor studio apartment situated in a popular development of Springvale, in the heart of Maidstone. It benefits from well-maintained communal grounds and a residents permit parking scheme making it a popular development in the rental market. This well located flat is situated within walking distance of both Maidstone West, East and Barracks railway stations as well as the town centre too.
The current tenant has been in the property for 4 years and is currently paying £535pcm in rent giving it a gross yield of over 6.1% per annum at present. The property will undergo a complete repair/redecoration prior to completion.
Lease - 99 years from 25 March 1988
Service charge - £100 per month
Ground rent - £200 per annum
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