Block of apartments for sale in Station Road, Margate, CT9

Shortlist

Key features

Investment freehold opportunity
Large end terrace period house
Currently 3 flats
2 x 1 bed flats
1 x 2 bed flat
Close to sea front, station & Old Town
Potential holiday lets in future
Tenants in situ
Approx 4.5% yield

INVESTMENT OPPORTUNITY - A LARGE END TERRACE HOUSE LOCATED CLOSE TO MARGATE STATION CURRENTLY SPLIT INTO 3 FLATS PRODUCING A YIELD OF APPROX 4.5%. There are 2 one bedroom flats on the ground and lower ground floor both with some outside space with a larger 2 bedroom flat on the 1st and 2nd floors. The location is close to the station as well as the sea front and Old Town which means these could be ideal holiday lets in the future. There is some updating needed to the flats and the building and with the current rents being below market prices there is huge potential to grow the yield. An amazing opportunity.

LOWER GROUND FLOOR FLAT
Lounge 14'0" (4.27m) x 13'1" (3.99m)
Inner Hall
Bedroom 13'0" (3.96m) x 10'9" (3.28m)
Kitchen 12'5" (3.78m) x 9'4" (2.84m)
Bathroom 10'2" (3.10m) x 4'1" (1.24m)
Courtyard front and rear

GROUND FLOOR FLAT
Entrance Hall
Lounge 14'1" (4.29m) x 12'9" (3.89m)
Bedroom 12'10" (3.91m) x 9'3" (2.82m)
Bathroom 6'6" (1.98m) x 6'7" (2.01m)
Kitchen 10'2" (3.10m) x 5'10" (1.78m)
Enclosed rear garden paved with shed

TOP FLAT
Hall
Kitchen 10'2" x 9'3" (2.82m)
Separate WC
Lounge 14'7" (4.45m) x 13'1" (3.99m) not into bay
Bedroom 11'10" (3.61m) x 10'1" (3.07m)
Landing
Bedroom 11'10" (3.61m) x 10'2" (3.10m)
Bathroom 8'10" (2.69m) x 7'7" (2.31m)

On Street parking only