About this investment opportunity

Surrey Road, Margate - £110,000

- Leashold NEW Lease
- Studio Apartment
- Allocated Parking
- Popular Location
- Tenant in Situ
- Can be sold with vacant possession
- Requires some updating

Current Rental Return: £6,500
Expected Yield: 5.9%


Miles & Barr are delighted to bring to the market this ground floor studio apartment, open to both BTL investors and owner occupiers.

The property currently brings in £6500 per annum and represents a good opportunity in a popular location, situated at the sea end of Norfolk Road, Cliftonville.

Internally you will find the hallway, good size lounge, fitted kitchen, double bedroom in one large open plan space with a separate bathroom.

This apartment does require modernising but has the added benefit of being offered with allocated parking and NO ONWARD CHAIN along with a new lease will be issued on completion.

You will find this property close to everything Margate has to offer, being a few minutes’ walk from local shops, art galleries, cliff top walks and of course the seafront, as well as having excellent transport links and schools nearby.

Please call sole agents Miles & Barr 7 days a week on 01843 231222 to arrange your internal viewings. You can now speak to us "After Dark" until midnight Monday - Friday and 10pm Saturday and Sunday.

Contact Us

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