9 Military Road, Chatham, Kent Mixed use for sale

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9 Military Road, Chatham, Kent Mixed use for sale

9 Military Road, Chatham, Kent
£270,000

Our Summary

  • A town centre investment opportunity producing close to a 15% yield, if purchased at the guide price
  • Residential EPC: CCommercial EPC: CImportant:All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers
  • Auction Date : 24 July 2025
  • For Sale by Online Auction

Description

This property investment opportunity in the town centre is generating a near 15% yield if purchased at the guide price. The ground floor retail unit is currently trading as a phone and vape shop, with a 10-year commercial lease expiring in 2031 at a rental of £14,500 per annum. The three one-bedroom flats above are all let and in good condition, with gas heating and double-glazed windows. The property has undergone recent upgrades, including a new roof and fully integrated fire alarm system installed in 2020. The flats are tenanted on Assured Shorthold Tenancy Agreements, with current rentals ranging from £700 to £775 per month. The property has a remainder of a 125-year lease from 1982, with a ground rental of £2,200 per annum.