Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding residential block investment benefitting from evident asset management potential and situated in an established and popular location.
Arranged across ground, lower ground and three upper floors, the property comprises five self contained one bedroom flats.
The flats are fully let on separate Assured Shorthold Tenancies (ASTs) to private individuals producing a total £41,100 per annum. We consider the property offers asset management potential via improvement of rent, with several flats producing rents lower than others within the block.
The property includes a large rear garden which may be suitable for development (subject to tenancies and obtaining the requisite consents), either to extend the property at the rear or carry out a separate development. Several adjacent buildings have already been extended at the rear to various degrees.
The property occupies a highly desirable location fronting Margate Winter Gardens with sea views. The property is also well located for the amenities of Margate, with Northdown Road approx 0.2 miles away, 0.3 miles to Margate Old Town and 0.9 miles to Margate Station.
Tenure
Freehold
Rent