Occupied investment with immediate income in a modern waterfront development.
- Long-term tenant in place producing £18,000 gross annually
- Two bedrooms, two bathrooms, balcony and open-plan living
- Leasehold tenure; check lease length and service charges
- Immediate rental income; tenant intends to remain (no vacant possession)
- Building appears modern with waterfront outlook and good connectivity
- Local area classified as deprived with high crime rate
- No internal photos or floorplans; accompanied inspection recommended
- Buyers Premium applies on sale completion
This two-bedroom, two-bathroom flat in Gillingham is offered as a buy-to-let with a long-term tenant in situ, producing a reported annual gross income of £18,000. The property sits within a contemporary purpose-built development with a balcony and waterfront outlook, and benefits from excellent mobile signal and fast broadband — appealing for lettability.
The sale is leasehold and currently occupied by tenants who intend to remain; the income stream is immediate but the tenant position limits vacant-possession options. The surrounding area is described as deprived with a high local crime rate, which may impact tenant profiles, management needs and achievable capital growth compared with more affluent locations.
There are material practical points for any purchaser: no internal photographs or floorplans accompany the marketing, and an accompanied inspection, EPC and full let pack review are recommended to verify condition, exact layout and service charges. A Buyers Premium will apply on completion and should be factored into acquisition costs.
Overall, this is a clear income-focused opportunity for a cashflow investor or portfolio buyer seeking an occupied, mid-sized city flat with immediate rental return. Considerations include leasehold rules, local area challenges and the need for due diligence on service charges and building management.
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