3 bed for sale in Dock Road, Chatham, ME4 (ref: 615592)

This property listing emphasizes several attractive features for potential buyers or investors, particularly those interested in a "buy-to-let" opportunity. Here’s a breakdown of the key points and potential appeal:

• Yield of 8.8%: The potential rental yield is impressive for an investor, suggesting a good return relative to the purchase price. With tenants already in place, it becomes even more appealing because the investor would immediately start generating income from the property.
• Large Apartment: A larger-than-average flat, making it suitable for families, professionals, or even as a shared rental.
• Period Features: The high ceilings and original features shows character and charm, which might appeal to tenants who appreciate historic or unique architecture.
• Shared Garden and Storage Room: These additional amenities add value for residents, providing extra space and a pleasant outdoor area.

• Historic Dockyard: Being next to a famous historic site can attract tenants who enjoy history, period drama, or working in the cultural sector. The nearby Dockyard has been used as a filming location, which adds to the property's appeal.
• Dockside Retail Outlet Centre: The proximity to shopping, restaurants, and cafes enhances the lifestyle appeal of the property, making it attractive for tenants who prefer urban conveniences.
• Riverside Parks and Marina: For those who enjoy outdoor activities, the nearby yachting marina and riverside walks offer a scenic, relaxing environment.

• Share of Freehold: The buyer will own a portion of the freehold, providing more control and potentially reducing costs associated with the property.
• No Onward Chain: This means there is no waiting for the seller to find another property, making it quicker and easier to complete the sale.
• Tenants Already in Situ: The fact that tenants are already living in the property provides immediate rental income and reduces the hassle of finding new tenants.

Overall, this listing markets the apartment as an excellent investment opportunity in a vibrant, historic, and desirable location.

Leasehold: 999 years from July 2014

EPC Rating: D

Council Tax band: B

Service Charge £240 pcm,

Ground rent £0 (share of freehold)