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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 residential block in the sought-after Victoria Cross area of Lordswood offers a rare opportunity to secure a high-yielding investment property. The fully self-contained building comprises 8 duplex apartments, including 4 one-bedroom and 4 three-bedroom units, which generate an impressive £110,000 per annum, representing a 5.5% gross yield. Six of the apartments are currently tenanted, providing immediate income from day one. The property is held on long leases with 998 years remaining, peppercorn ground rent, and no service charge, offering a low-cost ownership structure that maximizes returns. Located in a vibrant and well-connected area with ongoing regeneration, the property is surrounded by amenities, transport links, and potential for future growth, making it an attractive investment opportunity for those seeking steady rental income and long-term capital appreciation.