Gravesend, DA11 0AZ | Investment Property for Sale | VES-DA11-001

Opportunity to purchase a freehold block of 12 apartments and 3 commercial units in Gravesend

£3,010,000

15-unit Block

VES-DA11-001

INITIAL INVESTMENT

£882,000

Based on

deposit: £752,500

stamp duty: £113,000

mortgage fees: £1,500

conveyancing fees: £15,000

GROSS RENT

£163,680

GROSS YIELD

5.4%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

15

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

7,158

PRICE SQ FT

£421

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 & B

Rental 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 foot

Available upon request

  • Block breakdown
  • Full floorplan
  • EPCs for all units

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Gravesend, Kent

Gravesend is a town in Kent on the river Thames and lies around 21 miles southeast of Charing Cross.

The A226 runs through Gravesend and connects it to Crayford to Strood via Dartford and Gravesend. The A227 connects the town to Tonbridge. Approximately 2 miles south the A2 passes Gravesend connecting it to central London and Dover.

Gravesend railway station is on the North Kent Line with services operated by Southeastern and Thameslink. Trains run to London St Pancras International, London Charing Cross via Sidcup, Luton via Woolwich Arsenal and Greenwich, Rainham, as well as Ramsgate via Faversham.

Some of the local landmarks include Gravesend Town Pier, Royal Terrace Pier, Gravesend Clock Tower, Pocahontas statue, Windmill Hill and Gravesend Power Station. Tilbury Fort across the water from Gravesend also offers a great day of exploring. There is a daily ferry from Gravesend Town Pier to Tilbury. For outdoor lovers there is Shorne Woods Country Park which has 292 acres of meadows, woodlands and wetlands which can easily be explored. It also has a visitor centre, café, sensory garden, orienteering, fishing lakes, play ares, a trim trail and picnic areas.

Shopping in Gravesend is mainly centred around the local high street as well as a number of shopping centres, including the St Georges shopping complex, Thamesgate shopping centre and Imperial retail park. Another fantastic shopping opportunity is Gravesend Borough Market, one of the oldest markets in Kent, which underwent a £1.8 million refurbishment and reopened in 2016.

Education is provided by a number of primary schools, special schools and several independent schools, whilst secondary education is provided by Gravesend Grammar School, Northfleet School for Girls, Northfleet Technology College, Mayfield Grammar School, St John’s Catholic Comprehensive School, Thamesview School and St George’s Church of England School.

Due to its location and great transport links Gravesend is a commuter town, especially for companies within the Thames Gateway.

High Street,

Gravesend,

Kent,

England,

DA11 0AZ

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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