A Ground Floor One Bedroom Flat Subject to a Periodic Tenancy Producing £10,500 Per Annum (Reflecting a Gross Initial Yield of 21%)
Flat 25 Samuels Tower, Longhill Avenue, Chatham, Kent, ME5 7AT
Ground floor one bedroom flat within a purpose-built block, held on a leasehold with approximately 103 years remaining. Currently let on a periodic tenancy at £875 per month (£10,500 per annum).
Accommodation
- Reception Room with Open-Plan Kitchen
- Bedroom
- Bathroom
Full description
A ground floor one bedroom flat situated within a purpose-built residential block arranged over ground and five upper floors. The property is leasehold, held on a 125 year lease from 27th July 2004, with approximately 103 years unexpired. The accommodation comprises a reception room with open-plan kitchen, one bedroom, and a bathroom. The property is subject to a periodic tenancy at a rent of £875 per calendar month (£10,500 per annum), reflecting a gross initial yield of 21%. The property is situated on a residential road close to local shops and amenities. The open spaces of Gillingham Park are within easy reach, and transport links are provided by Chatham rail station.
Financial Tools
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