Station Yard, Gillingham

An interesting investment opportunity comprising two retail units and two one bedroom flats, in a convenient location, right next to Gillingham mainline railway Station.

Auction - For sale by Public Auction and via Livestream on Friday 14 November at 2pm at Digby Hall, Hound Street, Sherborne, Dorset DT9 3AA and via Livestream. Register to bid in the room, online, by telephone or by proxy via our website.

The Property - An interesting investment opportunity comprising two retail units and two one bedroom flats, in a convenient location, right next to Gillingham mainline railway station. The commercial units on the ground floor can be used separately, however they were previously combined and used as a cafe. Alternatively, planning permission could be sought for conversion to two 1 bedroom flats for further residential rental income. On the first and second floor are two one bedroom flats, one vacant and one on an AST generating an annual income of £5,980.

Situation - The property is situated next to the mainline railway station, with easy access to the town centre. The town centre has several supermarkets including Waitrose, and an excellent selection of small local shopping facilities. Shaftesbury is 5 miles and Sherborne is 13 miles. The A303 lies only 4 miles to the north. The surrounding countryside is particularly attractive.

Agents Note - Flat 1 is subject to a new AST which runs until 31st August 2026 at £5,980 per annum (paid as £115 per week). There is a similar estimated rental value for the second flat of £6,000pa. Commercial unit 1 has an estimated rental income of £5,000pa, and unit 2 is estimated at £6,000pa, suggesting a potential gross yield of over 11%.
As at 23/09/2025:
Ultrafast broadband is available (Source Ofcom). There is mobile coverage in the area, please refer to Ofcom’s website for more details. Planning permission has been granted under the reference number P/FUL/2022/02964 for the erection of 17 dwellings and a flexible commercial space on the site of J H Rose & Sons - please check the Dorset Council Planning Portal for further information. This is currently being used as a car park and has been laid to tarmac and with sleepers.

What3words - ///chairing.leathers.obey

Services - Mains electric, water & drainage. Electric heating

Local Authority - Dorset Council
Flats 1 & 2 Station House are both council tax band A
Rateable value - £4,950

Solicitors - Farnfields Solicitors
Shaftesbury SP7 8JT