40 Nunnery Fields, Canterbury, Kent, CT1

Investment Consideration:
Vacant possession
ERV: £40,000 GIY: 6.67%
VAT is NOT applicable to this property
Comprises end of terrace two storey building arranged as a hotel/hostel
Benefits from 2 parking spaces at front
Residential development potential, subject to obtaining the necessary consents
Located in predominantly residential area within 9-minute walk from Canterbury East train station

Property Description:
The property comprises ground, first and second floor hostel including single/double and twin rooms, as well as en-suite dormitory rooms. The property benefits from a large garden at rear and 2 parking spaces at front, providing the following accommodation and dimensions:
Ground Floor: 161 sq m (1,733 sq ft)
Reception, 3 Rooms (en-suite), Kitchen, Bar, Communal Room
First Floor: 128 sq m (1,373 sq ft)
5 Rooms (en-suite), Communal Bathroom, Storage
Second Floor: 39 sq m (420 sq ft)
1 Large Room (en-suite)
Total NIA: 328 sq m (3,526 sq ft)

Tenancy:
The property is at present vacant. ERV: £40,000 per annum.

Location:
Canterbury is a popular tourist destination: consistently one of the most-visited cities in the UK. The property is a 9-minute walk from Canterbury East train station. Canterbury is in east Kent, about 55 miles (89 km) east-southeast of London. The coastal towns of Herne Bay and Whitstable are 6 miles (10 km) to the north, and Faversham is 8 miles (13 km) to the northwest. Nearby villages include Rough Common, Sturry and Tyler Hill.