Residential Estate Agents Caxtons in Canterbury are delighted to have been appointed agents to sell 1a and 1b Hollow Lane, both investment properties with current rental income producing £21,725 per annum.

This pair of semi detached properties are let until 30th June 2009 and are sold subject to the existing tenancies with the price to include furniture, fixtures and fittings currently installed. They were built around 2002 and are sited on a corner plot just off Wincheap and close to the city centre.

1a Hollow Lane is currently let to 4 students. From the entrance hall on the ground floor there are stairs to the first floor, a door to the integral garage and doors to the shower room, and an open plan living room / kitchen with some fitted appliances and access to the garden. On the first floor there are four bedrooms.

Ib Hollow Lane – currently let to three students – has a ground floor shower room, open plan living room / kitchen with some fitted appliances and access to the outside courtyard which is shared with 1a. Stairs lead from the entrance hall to the first floor where there are three bedrooms and access to the roof space.

Canterbury has exceptional shopping facilities in the recently completed Whitefriars Centre. Not only is the City is an internationally renowned World Heritage Site because of the Cathedral, the Seat of the Church of England, but it also has two universities – the University of Kent at Canterbury and Christ Church College. The city has two main line rail stations and is close to the A2/M2, leading to both the M20, M25 and road networks across the South East and all routes North and West.

The coastal towns of Herne Bay and Whitstable are close by as is the historic market town of Faversham with the UK’s oldest brewery and the national fruit collection. Dover and Folkestone are within easy distance with ferry and rail links to the Continent, in addition both Ashford International and Ebbsfleet Eurostar terminals are approximately half an hour’s drive away.

The two properties are jointly priced at £325,000 and, bearing in mind the flourishing student population who constantly require accommodation in and around the city, would make an ideal investment – whether adding to an existing portfolio or starting out in the buy to let market.

For further information contact Caxtons Residential Estate Agents on 01227 788088