3 bed light industrial

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3 bed light industrial

Shop And 3 Flats High Street, Sheerness ME12
£325,000

Our Summary

  • The current rent roll stands at around £21,300 annually, with excellent scope to increase to approximately £31,800 through strategic rent reviews
  • Potential to increase income to around £31,800 per annum with rent adjustments

Description

This fully-tenanted freehold property in Sheerness offers three well-sized two-bedroom flats and a ground floor commercial unit, providing a rare opportunity to purchase a ready-made, income-generating property from day one. The current rent roll stands at £21,300 annually, with excellent scope to increase to approximately £31,800 through strategic rent reviews. The retail unit benefits from a secure lease until 2030 with a rent review due in 2025. Each flat offers generous living space and is currently occupied, making this a low-void, immediate-income purchase. The property is ideally located in the town centre, making it an attractive buy-to-let portfolio addition with a current gross yield of 6.55% and potential to increase to 9.78% with the right rent adjustments.