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8 bedroom maisonette for sale
Flat, 98-100 High Street, Gillingham, Kent, ME7 1AX
£380,000
Flat, 98-100 High Street, Gillingham, Kent, ME7 1AX
£380,000
Our Summary
- FOR SALE BY ONLINE AUCTION - A fully tenanted eight bedroom, six bathroom HMO let to working professionals producing £59,279
- Planning Planning granted through Medway Council, Ref: MC/20/0021 (06-01-2020) Planning approved for change of use of first floor 6-bedroom flat to a 8-bed (8 person) House of Multiple Occupancy HMO Compliance - HMO Licence - EICR - EPC - Gas Safety Certificates - Fire Risk Assessment - Emergency Lighting Test - Fire Alarm Test Certificate - Fire Door Certificate Please see legal pack for copies of these documents
Description
This leasehold two-storey maisonette is a fully tenanted eight-bedroom, six-bathroom House of Multiple Occupancy (HMO) in a prime location near Medway Hospital, University of Kent, and local employers. The property has undergone a high-quality refurbishment throughout and benefits from a communal open-plan kitchen and dining space. With a current annual rental income of £59,279.52, the property represents a 15.5% yield on the guide price. The property is situated on a well-connected High Street in Gillingham, with easy access to local amenities, transport links, and nearby universities. Planning has been granted for the change of use of the first-floor flat to an 8-bed HMO, and all necessary HMO compliance documents are in place. The property is fully managed and offers a stable income stream for investors.