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Mixed use for sale
9 Military Road, Chatham, Kent
£375,000
9 Military Road, Chatham, Kent
£375,000
Price History
Initial price | £390,000 |
12/10/24 | £375,000 |
Price Change | -3.85% |
Description
This town centre property offers a unique investment opportunity, generating a 10% return. The ground floor commercial unit is currently occupied by a phone and vape shop, with a 10-year lease expiring in 2032 and a current rental income of £14,500 per annum. The three one-bedroom flats above are all let and in good condition, with gas heating and double glazing. The property has undergone recent upgrades, including a new roof and fully integrated fire alarm system. The residential flats are let on Assured Shorthold Tenancy Agreements, generating a total of £2,225 per month. The property is situated in a prime location, with proximity to the main bus station and shopping centre, making it an attractive investment opportunity for those looking to capitalize on the town's commercial and residential demand.