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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 is a leasehold two-storey maisonette in Gillingham, Kent, which has been fully refurbished and is currently let as an 8-bedroom, 6-bathroom HMO to working professionals. The property benefits from a communal open-plan kitchen and dining space and is situated in a popular rental area near Medway Hospital, University of Kent, and local employers. The property produces an annual income of £59,279.52, representing a 15.5% yield on the guide price. The property has been fully managed and complies with all necessary HMO regulations, including a HMO licence, EICR, EPC, and more. The property is located on a well-connected High Street, with convenient access to Gillingham town centre, Medway Maritime Hospital, and the University of Kent's Medway campus.