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Land for sale

Harwood House, Oxenturn Road, Ashford, Kent, TN25

Sold STC £1,500,000

Property Description

Full description

An exciting opportunity to acquire a substantial residential investment block.

Former student accommodation converted by Imperial College to form 12 self-contained flats in 3 blocks with associated parking. All 12 flats are let on AST’s producing a total rent of £87000 per anum, the property has enjoyed full occupancy with little or no void periods, all tenants are privately funded.

Situated in the heart of the village in one of the most sought after roads this exciting investment opportunity offers potential for further development beyond the existing buildings, subject to the usual consents.

The block comprises of the following units with relevant rents;

Flat 1 2 bedroom £750 17/07/2019
Flat 2 2 bedroom £750 06/04/19
Flat 3 3 bedroom £800 Periodic
Flat 4 2 bedroom £670 Periodic
Flat 5 Studio £500 29/08/2019
Flat 6 1 bedroom £570 Periodic
Flat 7 1 bedroom £570 Periodic
Flat 8 Studio £500 27/01/2019
Flat 9 Studio £480 06/11/2018
Flat 10 1 Bedroom £580 19/12/2018
Flat 11 1 Bedroom £600 23/02/2019
Flat 12 Studio £480 26/03/2019
Total £7250

Situation

The picturesque village of Wye sits in an Area of Outstanding Natural Beauty (AONB) with the North Downs as a backdrop. This extremely well connected village benefits from rail services to Ashford International, Canterbury and London St Pancreas International do0r to door in 51 minutes. The M20 can be easily accessed from both Junction 9 & 10 with 10a currently under construction. Ashford international station offers direct access to the continent with Paris being reached in just 4 1/2 hours.

Wye is well served by a range of shops including Co-Op, artisan bakers, butcher, newsagent and chemist. The village also benefits from Doctors, Dentist and physiotherapist.

The Lady Joanna Thornhill primary school boasts an Outstanding grading by Ofsted and is the main feeder school to the Wye Free School now in its 3rd year. Excellent private schools are also close to hand as are the Grammar Schools in Ashford.

Wider afield Ashford offers excellent recreational facilities with the Eureka Park (12 minutes) offering a selection of restaurants, including Nandos, Frankie & Bennys, Beefeater and Pizza Hut. The development also includes Bannatyne Health Club & Spa, Cineworld and Travelodge. The McArthurGlen Designer Outlet (18 minutes) is undergoing massive expansion to double the size of this major retail attraction.

All of this has contributed to Wye being voted among the top places to live in the UK by the Sunday Times.



More information from this agent

Listing History

Added on Rightmove:
29 October 2018

Map & Street View

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