High Street, Sheerness ME12 Mixed use for sale

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High Street, Sheerness ME12 Mixed use for sale

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 investment property in Sheerness offers three two-bedroom flats and a ground floor commercial unit, providing a ready-made income-generating opportunity from day one. The current rent roll totals £21,300 per annum, with potential to increase to £31,800 through strategic rent reviews, offering a gross yield of 9.78%. The property is located in the town centre, making it ideal for both residential tenants and the commercial occupant. The retail unit has a secure lease until 2030 with a rent review due in 2025. The property is sold with tenants in situ, and viewings must be arranged in advance to minimize disturbance. This is an excellent opportunity for savvy investors to add to their portfolio and generate a high return.