Guide price
£380,000
8 bed property for saleFlat 98-100 High Street, Gillingham, Kent ME7
8 beds
6 baths
EPC Rating: D
- Auction
- Leasehold
HMO X Ltd
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About this property
• Leasehold two storey maisonette
• 8 bedroom, 6 bathroom fully tenanted HMO
• Communal open plan kitchen and dining space
• High quality refurbishment throughout
• Popular rental area near Medway Hospital, University of Kent and local employers
• Fully managed HMO in a prime location
• Representing a 15.5% yield on guide
Situated on the well-connected High Street in Gillingham, the property benefits from convenient access via the A2 and A289. Providing direct routes to Gillingham town centre, Medway Maritime Hospital, and the University of Kent’s Medway campus. Set within a residential area, it is close to a variety of local amenities including shops, schools, and parks.
Transport links are provided by both Gillingham and Chatham Rail Stations.
Planning
Planning granted through Medway Council, Ref: MC/20/0021 | (06-01-2020)
Planning approved for change of use of first floor 6-bedroom flat to a 8-bed (8 person) House of Multiple Occupancy
HMO Compliance
- HMO Licence
- eicr
- EPC
- Gas Safety Certificates
- Fire Risk Assessment
- Emergency Lighting Test
- Fire Alarm Test Certificate
- Fire Door Certificate
Please see legal pack for copies of these documents
Lease Start Date
24/06/1986
Lease Duration
125 years (85 years unexpired)
Annual Ground Rent
£0
Accommodation
Room Number Floor Accommodation Tenancy Info Rent Per Annum
1 First En-suite HMO room with access to communal kitchen and dining area Subject to a 6 month AST starting from 20th December 2024 £7,800
2 First HMO room with separate bathroom and access to communal kitchen and dining area Subject to a 6 month AST starting from 1st June 2022 £7,500
3 First En-suite HMO room with access to communal kitchen and dining area Subject to a 6 month AST starting from 17th November 2024 £7,800
4 First En-suite HMO room with access to communal kitchen and dining area Subject to a 6 month AST starting from 8th December 2023 £7,500
5 First En-suite HMO room with access to communal kitchen and dining area Subject to a 6 month AST starting from 1st June 2022 £7,979.52
6 Second HMO room with shared bathroom and access to communal kitchen and dining area Subject to a 6 month AST staring from 5th May 2025 £6,600
7 Second HMO room with shared bathroom and access to communal kitchen and dining area Subject to a 6 month AST starting from 23rd June 2022 £6,600
8 Second HMO room with shared bathroom and access to communal kitchen and dining area Subject to a 6 month AST starting from 1st February 2024 £7,500
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More information
Tenure
Leasehold (85 years)
Service charge
Council tax band
Ground rent
Ground rent date of next review