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!!
|Lounge||4.67m x 3.76m (15'4 x 12'4)|
|Bedroom||3.84m x 3.45m (12'7 x 11'4)|
|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)|