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 residential block in the sought-after Victoria Cross area of Lordswood offers a rare opportunity for investors to secure a high-yielding property. The fully self-contained building comprises 8 duplex apartments, including 4 one-bedroom and 4 three-bedroom units, which generate an impressive £110,000 per annum, representing a 5.5% gross yield. With 6 apartments currently tenanted, the property provides immediate income from day one. The apartments are held on long leases with 998 years remaining, peppercorn ground rent, and no service charge, offering a low-cost ownership structure that maximizes returns. The property is situated in a vibrant and well-connected location, surrounded by amenities, transport links, and ongoing regeneration, with discussions for a Tesco store to be developed on the ground floor, enhancing footfall, desirability, and long-term capital growth potential. This is a rare opportunity to acquire a freehold residential block with strong returns, scope for future appreciation, and excellent tenant demand.