46 Richmond Road, Gillingham ME7 1LN

For an investor looking for a property with an established tenancy already in place, this top floor one-bedroom flat on Richmond Road offers a straightforward investment opportunity in Gillingham. The property is being sold with a long-standing tenant in situ, currently paying £850 per calendar month, providing an annual rental income of £10,200. For the incoming landlord, the tenancy and rental income are already established, removing the need to purchase a vacant property and begin the search for a tenant. Inside, the flat has a practical, well-proportioned layout. The generous reception room provides space for both relaxing and dining, while the double bedroom benefits from built-in wardrobes, providing useful storage without taking away valuable floor space. There is a separate kitchen, with the bathroom completing the accommodation with a shower over the bath. Richmond Road is well placed for day-to-day life in Gillingham, with the town centre, shops and local amenities nearby. Gillingham railway station provides connections towards London and across Kent, while the location also gives convenient access to the wider Medway towns. For landlords looking to add a buy-to-let property in Gillingham to their portfolio, this offers the benefit of an established tenant, existing rental income and a practical location, creating a ready-made investment from completion This Property is Being sold by TAUK Modern Method Auction. Modern Method Auction is a faster and more secure way to sell or purchase a property, where the seller and the buyer commit to the transaction and an agreed fixed timescale. A legal pack (including searches) will be created upfront and made available to any interested parties and passed to the conveyancers once a sale has been agreed. Please contact TAUK to view these documents. When an offer is accepted, the buyer will be required to pay a non-refundable Reservation Fee of £6,875 including VAT (in addition to the final negotiated selling price), sign a Reservation Form and agree the Terms and Conditions prior to solicitors being instructed. If you require a copy of these documents, or for further information, please contact the TAUK Team.