RESIDENTIAL INVESTMENT OPPORTUNITY, CONVERTED INTO 4 RESIDENTIAL UNITS, TENNANTS IN SITU, SOUGHT AFTER LOCATION, OFF ROAD PARKING, RENTAL YIELD IN EXCESS OF 6.3%. 3906 SQ FT / 362.8 SQ METRES. PLOT EXTENDS TO 0.23 ACRES
An opportunity to acquire this large semi detached property set on a sought after road directly linking Chatham and the gateway to the M2 corridor and Maidstone. The house comprises four self contained residential units which have been professionally built and fitted, extending over three floors. Comprising of 3 three bedroom flats and a one bedroom flat.
In addition the property benefits from a very large private car park to the rear with separate access via a private road. This could allow, with suitable planning permission for redevelopment into additional residential units.
There is further parking to the front and side of the property and private terraces.
The four units are all tenanted on ASTs with a current yield in excess of 5.5%.
Three double bedroom flat, filling the entire lower ground floor with private terrace overlooking the rear. Set out over 1469 sq ft. Comprising three double bedrooms, very spacious kitchen diner with french doors to a private tiered terrace, family bathroom and ensuite bathroom to main bedroom. Separate utility room, additional WC. Hallway and storm porch.
One double bedroom flat, large kitchen/reception room to the front with attractive bay window. Double bedroom to the rear with built in storage. Bathroom. Entrance via the main hallway.
Three bedroom flat to the ground floor, comprising two double bedrooms and a single bedroom, large kitchen/reception room, family bathroom and separate WC.
Three bedroom, top floor flat comprising the entire floor. Two double bedrooms and a single bedroom, very good sized kitchen/diner/reception, ensuite bathroom to the master bedroom, further family bathroom. Staircase leading to the flat from the entrance hallway.
Large car park to the rear of the property accessed from Maidstone Road. The car park also has access to a private road to the rear which could allow with suitable planning permission for this area to be developed.