£285,000 - 3 bedrooms, House, Margate - For Sale



Miles and Barr (Cliftonville)
155-157 Northdown Road
Cliftonville
Kent

Agent's Website
0844 257 5050


• FREEHOLD BLOCK OF FLATS
• Three one bed flats
• Annual income approx £16,800
• Rental yield approx 5.2%
• Close to beach and Dreamland
• Well managed block
INVESTMENT OPPORTUNITY - FREEHOLD BLOCK OF FLATS IN CENTRAL MARGATE

This freehold investment opportunity comprises three one bedroom flats arranged over three floors. The block is ideally located for long-term rental...and would even suit a holiday let strategy very well due to the location. This property has the best of Margate quite literally on the doorstep with the beach and Dreamland around a 3 minute walk away, the train station, resurgent 'Old Town' and Turner Contemporary all within a 10 minute walk. Flats 1 and 3 are currently let on Assured Shorthold Tenancies and when fully let the building has an annual rental income of approx £16,800 and at the asking price a yield in the region of 5.2%.

Call Miles & Barr 7 days a week to arrange your internal viewing appointment!!

Margate is a fantastic seaside town and includes the outlying areas of Cliftonville, Garlinge, Palm Bay and Westbrook. The energy surrounding Margate is palpable, the town boasts a world class Art Gallery - the Turner Gallery, the UK's original pleasure park - 'Dreamland', has fast Rail links into London - Kings Cross, St. Pancras and of course not forgetting the stunning sandy beaches and sparkling bays. You are within a 10-minute drive to the neighbouring towns which are Broadstairs, Ramsgate and Birchington. There are also good road links to London via the A299 Thanet Way and M2 Motorway.

Flat 2

Lounge

4.67m x 3.76m (15'4 x 12'4)

Bedroom

3.84m x 3.45m (12'7 x 11'4)

Inner Hall

WC

1.37m x 1.07m (4'6 x 3'6)

Kitchen

2.34m x 2.01m (7'8 x 6'7)

Terrace

1.85m x 1.83m (6'1 x 6'0)


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