For Sale

Sittingbourne – Residential Investment Opportunity

Oak Road, 1-6 East Hall Close, Sittingbourne, Kent, ME10 3PF

Offers in excess of £2,000,000

Property Type:
Residential
Tenure:
Freehold

Description

  • Comprising 6 x three bedroom new build houses completed in September 2021
  • Landmark, economically viable and socially responsible homes
  • Manufactured off-site using Modern Methods of Construction (MMC) to create zero carbon in operation, all electric homes
  • Each property benefits from an EPC rating of ‘A’
  • Majority let subject to Assured Shorthold Tenancies
  • Total Current Rent Reserved: £93,600 per annum
  • The development is achieving a monthly rental premium of approximately £200 per house

Offers in excess of £2,000,000 are invited for the Freehold interest, subject to all existing tenancies, subject to contract. A purchase at this level would reflect a gross initial yield of 5.61% (based upon ERV if fully let)

Subject to contract