Lordswood Lane, Chatham 16 bed block of apartments for sale

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Lordswood Lane, Chatham 16 bed block of apartments for sale

Lordswood Lane, Chatham
£2,000,000

Our Summary

  • This is a rare opportunity to acquire a freehold residential block with strong returns, scope for future appreciation, and excellent tenant demand

Description

This exceptional investment opportunity in the sought-after Victoria Cross area of Lordswood presents a rare chance to acquire a fully self-contained residential block with a strong yield. The property comprises eight duplex apartments, with four one-bedroom and four three-bedroom units, generating an impressive £110,000 per annum, representing a 5.5% gross yield. Six of the apartments are currently tenanted, providing immediate income from day one. The property is held on long leases with 998 years remaining, peppercorn ground rent, and no service charge, making it an attractive investment. Located in a vibrant and well-connected area with ongoing regeneration, the property offers a low-cost ownership structure that maximizes returns, with potential for future appreciation and long-term capital growth. With discussions underway for a Tesco store to be developed on the ground floor, this is a unique opportunity for investors seeking steady rental income with a healthy yield and future growth prospects.