Summary - 1, NEXUS, ADDISON CLOSE SP8 4LR
2 bed 1 bath Apartment
Ground-floor, modern apartment with allocated parking and steady rental income.
Two bedrooms, efficient 638 sq ft layout
A compact, modern two-bedroom apartment in Nexus Apartments, on the outskirts of Gillingham. The ground-floor flat offers a bright living room with large double-glazed windows, a fitted kitchen, two bedrooms and a contemporary bathroom — a straightforward, low-maintenance home suitable for first-time buyers or buy-to-let investors.
This property is already tenanted and produces a gross rental income of £8,400 per year, representing a potential gross yield of around 6.2% at the current asking price. Practical features include an allocated off-street parking space, secure communal entry with intercom, double glazing and mains gas central heating.
Buyers should note material considerations: the area records very high crime levels, there is no private garden or significant outdoor space, and the apartment forms part of a leasehold with a modest service charge and a small ground rent. Overall, this is a sensible starter home or income-producing asset for purchasers comfortable with an urban location and communal living.
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