>
Lordswood Lane, Chatham 16 bed block of apartments for sale
Lordswood Lane, Chatham
£2,000,000
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 to secure a high-yielding investment 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 already tenanted, investors can expect immediate income from day one. The property is held on long leases with 998 years remaining, peppercorn ground rent, and no service charge, offering a low-cost ownership structure that maximizes returns. Located in a vibrant and well-connected area, the property is surrounded by amenities, transport links, and ongoing regeneration, with discussions underway for a Tesco store to be developed on the ground floor, which would enhance footfall, desirability, and long-term capital growth potential. This is a rare opportunity for investors seeking steady rental income with a healthy yield and future growth prospects.