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Block of apartments for sale
Flats 2 & 3, 29 Delamark Rd & Flats 1, 2 & 3, 31 Delamark Rd, Sheerness ME12 1RB
£350,000
Flats 2 & 3, 29 Delamark Rd & Flats 1, 2 & 3, 31 Delamark Rd, Sheerness ME12 1RB
£350,000
Our Summary
- For sale on 31 July 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyers Fee of 1
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
- Auction: 31
- Bags of potential to add value
Description
This property is a collection of five apartments across two neighboring blocks, with two currently let and three vacant. The freeholds of each block are included in the sale, and the properties benefit from gas central heating, double glazing, and free on-street parking. The apartments are located in a popular area with shops, restaurants, and the seafront within walking distance, making it an attractive spot for investors. The properties have the potential to generate a rental income of £3,615 per month, representing an attractive yield of 12.39% against the guide price. The auction will be held online with live auctioneers, and prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.