13 × 1-bed flat · ME12 1UP
Opportunity summary
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About
Guide £845,000- £900,000 Resi Existing ongoing commercial business with the benefit of outline residential planning permission for 22 flat large Maj Dwellings included in the price.
Reference: 20/501208/out Outline application for erection of 13 one bedroom flats, 9 two bedroom self contained flats with the addition of underground parking.
Address: 240-248 High Street, Sheerness, Kent, ME12 1UP Location - The site is located in the Sheerness town centre on the High Street that provides a good range of local shops and services including a large Tesco supermarket.
Viewing Arrangements - If an inspection of the site is required then prior arrangement will need to be made through us the agent.
Further Information - Further information available to download from documents associated with the planning application 20/501208/out Tenure - The site is to be sold on a freehold basis with businesses included.
Services - Interested parties are advised to make their own enquiries with the relevant statutory authorities to ensure the availability and sufficient capacity at the site in order to service any proposed development.
Offers - Offers are sought by way of Private Treaty.
Only offers in writing will be considered and all offers must include details of any site due diligence that will be required prior to an exchange of contracts.
All offers must include evidence to demonstrate that funds are available to complete the transaction.
As a Regulated Industry under Anti-Money Laundering Regulations James Perry Estate Agents will need to verify the identify of all purchasers of the site and this will be completed before Heads of Terms are issued to the preferred bidder.
The vendor is not obligated to accept the highest or any bid made.
All applicants must satisfy their own due diligence based on their findings through their own site inspection and reference: 20/501208/out by contacting Swale Borough Council..
James Perry do not provide advice on planning/ business acquisition
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 240-248, High Street, Sheerness
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