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£4,500,000 Guide Price
Bedrooms
Bathrooms
A fantastic opportunity to acquire a brand new unbroken freehold building in a prime coastal location in Whitstable, Kent. 12 Luxuriously appointed 1 & 2 bedroom apartments within close proximity to the local beaches and amenities. Comprising 8 x 2 bedroom and 4 x 1 bedroom apartments.
Estimated income via holiday letting circa 480,000 per annum. (Quotes available on request)
Discover the Ultimate Coastal Investment Opportunity in Whitstable, Kent
Introducing an exceptional Unbroken Freehold Development nestled in a sought-after coastal location. This brand-new construction comprises 12 luxuriously appointed apartments, each designed with meticulous attention to detail to offer the epitome of modern coastal living.
Perfectly positioned to take advantage of the booming holiday rental market, this development boasts a projected 10% holiday rental yield, making it an attractive investment for those looking to capitalise on high demand.
Prime Investment Opportunity in Whitstable, Kent
Presenting an exceptional opportunity to invest in a newly constructed Freehold development in the highly desirable coastal town of Whitstable, Kent.
This exclusive property comprises 12 luxuriously appointed apartments, perfectly designed to cater to the growing demand for premium holiday accommodations.
The development features 4 luxury one-bedroom apartments and 8 spacious double-bedroom apartments, all within close proximity to Whitstables charming shops and stunning beaches. This sought-after location is renowned for its vibrant tourist appeal, ensuring a steady influx of visitors year-round.
With Whitstable being a buoyant tourist hotspot, the property offers an estimated annual income of 480,000 through holiday lettings, making it an outstanding investment with strong returns. Additionally, the sale can include the existing website and content copyrights, providing a seamless transition for continuing the successful holiday rental business.
All apartments are fully furnished and include a dishwasher and washing machine.
Awaiting EPCs
Council Tax Band TBC
Estimated income via holiday letting circa 480,000 per annum. (Quotes available on request)
The sale can include existing website domain.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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