This property presents a notable investment opportunity, featuring two retail units alongside two one-bedroom flats, strategically located adjacent to Gillingham's mainline railway station. The ground floor accommodates two separate commercial spaces that were previously combined as a café, offering flexibility in usage. Investors may explore the possibility of revamping these units or applying for planning permission to convert them into additional residential flats, potentially increasing rental income.
On the upper levels, you’ll find two one-bedroom flats; one is currently vacant while the other is tenanted on an assured shorthold tenancy (AST), generating an annual rental income of £5,980. This dual-income structure provides immediate cash flow and the potential for further enhancement through renovations or changes in leasing strategy.
The property's location is particularly advantageous, as it offers convenient access to the town center where amenities such as supermarkets—including Waitrose—and various local shops can be found. With Shaftesbury just 5 miles away and Sherborne 13 miles distant, the area benefits from both rural charm and proximity to larger urban centers. Additionally, the A303 is only 4 miles to the north, facilitating regional connectivity.
Recent planning developments also add a layer of investment appeal; approval has been granted for the construction of 17 new dwellings along with flexible commercial space on a nearby site. This indicates ongoing growth and demand within the local area—a promising sign for future investments.
Further enhancing this property’s profile are utilities including mains electricity, water, and drainage, complemented by electric heating. For those considering telecommunications needs, ultrafast broadband is available locally. Both flats fall under council tax band A, making them more accessible for potential tenants.
Overall, this property combines immediate rental opportunities with significant renovation and development potential in a desirable location.
