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3 bed property
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Our Summary
- Potential to increase income to around £31,800 per annum with rent adjustments
- The current rent roll stands at around £21,300 annually, with excellent scope to increase to approximately £31,800 through strategic rent reviews
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Description
This property consists of three well-sized two-bedroom flats and a ground floor commercial unit, located on the High Street in Sheerness. The property is a freehold investment with three flats and one commercial unit currently occupied by tenants, generating a rent roll of approximately £21,300 annually. Each flat has a current monthly rent of £600, £500, and £425, while the commercial unit has a secure lease until July 2030, generating £400 per month.
The property has potential for further rent increases, which could bring the total annual rent to around £31,800 and deliver a near 10% gross yield with the right adjustments.