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Leasehold

Offers over

£159,997

1 bed flat for sale

Ocean Drive, Gillingham ME7
1 bed
1 bath
1 reception
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Offers over

£159,997

1 bed flat for sale
Ocean Drive, Gillingham ME7

    • 1 bed

    • 1 bath

    • 1 reception

  • EPC Rating: B

Leasehold

About this property

  • Ideal Investment

  • Currently rented out

  • Popular area

  • Wheelchair accessible

Are you looking for your first buy to let investment or want to add to your portfolio? Then look no further than this top floor 1 bedroom apartment in the popular Victory Pier development built by Berkeley Homes on the Gillingham waterfront. The apartment is built to a high quality and has fantastic river views, it has been well looked after by the previous and current tenants. This property as an investment is ideal as this is a very popular place to live and we have always had no problems in renting the apartment out over the years.

The property already has a happy tenant who is looking after the property.

Property information

Rental Yield of 5.03% with potential to increase to 5.35% with a rent increase

Leasehold

986 years remaining on lease

Service Charge is £1,672 per year

Ground rent is £200 per year

Get in touch today to arrange a viewing

Communal Entrance Hall

Double Glazed Doors to Front entry to Wi-fi Lounge and access to Gym lifts and stairs to all floors.

Entrance Hall

Solid wooden front door, entry phone laminate flooring, airing cupboard housing washing machine and immersion tank.

Lounge/Kitchen (7.92 m x 3.22 m (26'0" x 10'7"))

Double glazed patio doors to balcony, laminate flooring, Inset single sink unit with drainer, range of wall and base units with integrated appliances, fridge/freezer, electric hob, extractor fan and dish washer.

Bedroom (3.96 m x 2.61 m (13'0" x 8'7"))

Double glazed tilt & turn window, carpet electric radiator, built in double mirror wardrobe.

Bathroom (2.34 m x 1.95 m (7'8" x 6'5"))

Panel bath, with built in shower, pedestal hand wash basin, low flush w.c., tiled flooring part tiled walls

More information

  • Tenure

    Leasehold (996 years)

  • Service charge

    £1,742 per year

  • Council tax band

  • Ground rent

    £200

  • Ground rent date of next review

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