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Goddington Manor, Orpington, Kent BR6

Ref: 16298 Price: OIEO £3,000,000

Property Description

An opportunity to acquire the freehold of a Grade II Listed manor house built in 1893, which was recently converted to provide 16 flats. The property offered includes 6 self-contained apartments and an additional detached house adjacent to the site. With all 7 units currently occupied, the investment produces an income of £104,868pa from 5 AST agreements and 2 protected tenancies. Future possibilities for the property include the development of the plot currently occupied by the detached house (stpp) and refurbishment of the units currently subject to protected tenancies. Alternatively the property provides an ongoing investment and active management opportunity with potential to increase overall rental income and revenue from the management of the block. Meanwhile the break-up of the building and sale of the 7 individual units will likely return a healthy profit.



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