Church Road, Paddock Wood TN12

This property presents a noteworthy investment opportunity, featuring a block of seven one-bedroom flats along with the potential to acquire an additional flat through separate negotiations. The current setup includes six flats under short-hold tenancies, while two offer vacant possession, making it an ideal scenario for both immediate rental income and future development. Planning permission has already been secured to construct three four-bedroom townhouses on the rear of the development, adding significant value to this asset. Each flat is equipped with gas central heating and double glazing, providing a solid foundation for minor updates or refurbishments. Located in proximity to the town centre and mainline station, it benefits from allocated parking spaces and a well-established management company that oversees maintenance and accounts. This property not only provides current rental revenue but also opens avenues for further development in a thriving area.