Summary - 216, HIGH STREET ME12 1UN
3 bed 3 bath Mixed Use
**Standout Features:**
- Freehold investment with three spacious two-bedroom flats and a ground floor retail shop.
- Sold with tenants in situ for immediate rental income (approx. £21,300 per annum).
- Ground floor shop secured on a lease until July 2030 (with a review in July 2025).
- Significant rental growth potential to approx. £31,800 per annum.
- Prime Sheerness location near shops, transport, and amenities.
- Ideal for buy-to-let investors looking to expand their portfolio.
**Concise Summary:**
This freehold mixed-use investment presents a remarkable opportunity for buy-to-let investors, featuring three well-sized two-bedroom flats and a secure ground floor retail unit. Currently generating an annual income of approximately £21,300, this property is already tenanted, providing an immediate cash flow from day one. Positioned in a prime Sheerness location, you can expect strong rental demand with easy access to shops and amenities, bolstering its appeal to tenants. With potential rental adjustments, the income could be enhanced to about £31,800 per annum, yielding a near 10% return—an attractive proposition for savvy investors.
Please note, the ground floor shop comes with a lease expiring in 2030, offering security but the seven years remaining may limit some financing options. Despite this, the vibrant urban setting and expected growth make it a solid investment. Act quickly to arrange a viewing on Wednesday, August 27th, and seize this unique opportunity to enhance your property portfolio! Make sure to quote PA1009 when inquiring.
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