Summary - Station Yard, Gillingham SP8 4PZ
2 bed 2 bath House
Immediate rental income and commuter-location upside for buyers targeting yield..
- Freehold mixed-use: two retail units and two one-bedroom flats
- One flat producing £5,980 pa; one flat currently vacant
- Immediate adjacency to Gillingham mainline station (commuter demand)
- Victorian building with high ceilings and large room volumes
- External maintenance needed, damp patches and reported roof issues
- Small to negligible private garden; outlook onto station/car park
- Very high local crime rate; consider security measures
- Sold at public auction (14 November) — subject to auction conditions
A location-led mixed-use freehold in an immediate-adjacent-to-station position, this former station master’s house offers clear income and uplift potential for investors. The building includes two ground-floor commercial units and two one‑bedroom flats (one let on an AST at £5,980 pa; one vacant), with easy access to direct trains to London Waterloo and strong passing trade.
The property is a Victorian period building with high ceilings and generous room sizes, but it requires maintenance and cosmetic refurbishment: visible external maintenance needs, damp patches and noted roof issues will need addressing. The immediate outlook is onto station facilities and a car park rather than private gardens; the garden area is small to negligible.
Sale is by public auction (14 November) — suited to a buyer able to act quickly who wants an income-producing asset with refurbishment or reconfiguration upside. There is planning activity nearby (reference P/FUL/2022/02964) offering context for potential wider redevelopment in the area; any change of use or redevelopment will be subject to planning consent.
Key value drivers are freehold tenure, commuter-station frontage, mixed-use flexibility and an affordable guide price that provides scope to increase rental income after works. Principal risks are high local crime rates, tenant turnover, required compliance/refurbishment costs and limited private outdoor space.
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