This is an investment opportunity to purchase a freehold block of 12 apartments and 3 commercial units in Gravesend.Block information:- The block is made up of 15 units comprising:-- 6 x 1-bed apartments-- 6 x 2-bed apartments-- 3 x commercial units- The block was recently fully refurbished- The square footage displayed is for the apartments only- EPC ratings C & D- Council tax bands A & BRental information:- At the time of listing the apartments are tenanted and the commercial units are vacant- Once fully tenanted the block is expected to achieve:- Apartments - £10,860 pcm- Commercial unit 1 - £1,040 pcm - currently under offer- Commercial unit 2 - £1,040 pcm - estimated rent- Commercial unit 3 - £1,040 pcm - estimated rent- Total monthly rental income: £13,640- Total annual rental income: £163,680- Total gross yield: 5.4%Location information:- The property is located in the centre of Gravesend- All local amenities are just a short walk away- Gravesend railway station can be reached in less than 5 minutes on footAvailable upon request:- Block breakdown- Full floorplan- EPCs for all unitsNote:Please note that Vesta has not visited this property and that the vendor has provided all material.
£ 3,010,000