2 bed semi-detached for sale
£425,000High Street, Newington, Sittingbourne, Kent, ME9 7JL
- Description
- Map
After 28 successful years of ownership and management, the time has come for me to retire and pass this excellent rental investment on to a new owner. Having originally worked as a builder, I have personally maintained the property to a high standard throughout my ownership.
The property consists of 4 self-contained flats: no leases.
2 x One-Bedroom Flats
2 x Studio Flats
Monthly rental income £3000.00
Gross Yield 8.5%
The building is fully double glazed, well insulated, and held freehold with no leasehold complications.
The current tenants have all been personally vetted and are reliable, respectful, and of excellent character. This is a highly sought-after location, and whenever a vacancy arises there is consistently strong demand with waiting applicants.
All tenancy agreements are short-term 6 or 12 month contracts with one month’s notice required by either party, providing flexibility for both landlord and tenants.
This investment has provided me with a strong and dependable return over many years and has been a valuable asset. However, now in my mid-seventies, I feel it is the right time to step back.
The property also benefits from parking for 2–3 vehicles.
To ensure a smooth handover, I am happy to offer the new owner a transition period and ongoing guidance following the sale.
More pictures on request.
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