1 bed detached house for sale

New Road Avenue, Chatham ME4

Please get in touch for an immediate viewing and to request further details on the planning in place.

Avenue Business Centre has served the local business community in providing entrepreneurs with workspace for the last two decades under the current proprietors'. Currently it generates £5000 per month in rent based on the number of rooms rented, which is a 10% yield. There is forecasted potential to increase that.

It has now become available with the option of continuing in its current capacity or converting to residential apartments consisting of 12 units - 1 x studio, 8 x one bed and 3 x two-bed - planning permission granted by Medway Council on 30th June 2023

The original building was completed in 1893, and served as a residential home until around the 1960s when it became commercial with an additional build added to what was once the rear garden.

Details of the plan can be provided on request, and a viewing is advised to give a true scope on the size of this property and the potential for redevelopment, or continuing as a going concern.

Dial Ext 109 to reach Jatinder direct