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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 investment opportunity in the sought-after Victoria Cross area of Lordswood offers a high-yielding residential block with a mix of spacious one- and three-bedroom duplex apartments. The property is fully self-contained and generates an impressive £110,000 per annum, representing a 5.5% gross yield. With 6 of the 8 apartments currently tenanted, investors can enjoy immediate income from day one. The property is held on long leases with 998 years remaining, peppercorn ground rent, and no service charge, providing a low-cost ownership structure that maximizes returns. Situated in a vibrant and well-connected location, the property is surrounded by amenities, transport links, and ongoing regeneration, with discussions 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 to acquire a freehold residential block with strong returns, scope for future appreciation, and excellent tenant demand.