Gordon Road, Cliftonville, Margate, CT9
£130,000
Guide Price
Property Features
- GUIDE PRICE £130,000 to £150,000
- Investment Opportunity
- Tenant in Situ or Vacant Possession
- First Floor Flat
- 1 bedroom, 1 bathroom, 1 reception
- EPC Rating - 72 | C
- Rental Income - £ 500 pcm (rent review pending)
Property Summary
GUIDE PRICE £130,000 to £150,000 -
If you are looking for an 'oven ready' investment opportunity with a tenant already in situ then look no further. Alternatively, vacant possession can be arranged so if you are looking for a first home or bolt hole near the coast then this could be the one for you...
Situated on the first floor, this one bedroom flat has a kitchen, living room, bedroom and bathroom. Parking is freely available on the street. There is a section 20 notice in place for the redecoration of the communal hallway, stairs and landings at a cost still due of £1,600 per flat. The tenant pays £500 per calendar month and is in discussions with the current owner to increase the rent. If the proposed buyer wants vacant possession this can be arranged.
The location is ideal for a range of buying needs being tucked away close to the seafront and Northdown Road in vibrant Cliftonville with lots happening in terms of amenities almost right on the doorstep. Margate's 'Old Town' with its lively vibe, Turner Contemporary Art Gallery, some amazing places to eat, drink and hang out is less than 15-minutes’ walk away. The seafront is only around a 3-minute walk away and Margate station has a regular and high-speed rail service to London.
For further details or to arrange a viewing contact Alexander Russell Estate Agents 7 days a week by telephone, email or find us on social media.
GROUND FLOOR -
Communal entrance, hallway and stairs
FIRST FLOOR -
Kitchen: 11'6 x 6'8 (3.5m x 2.03m)
Living Room: 15'8 x 10'6 (4.77m x 3.2m) into bay and alcove
Bedroom: 11'3 x 9'2 (3.42m x 2.79m) into alcove
Shower Room: 8'3 x 3'3 (2.51m x 0.99m) maximum
EXTERNAL -
N/a
TENURE -
- Leasehold
- 125 years from 1 July 2005
- 108 years remaining
- Service Charge - £800 p.a. and Ground Rent - £100 p.a.
- Section 20 pending for communal areas (£1,600 each)
COUNCIL TAX - Band A (£1,340 P.A.)
EPC RATING - 72 | C
AGENTS NOTE - In Compliance with the Consumer Protection from Unfair Trading Regulations 2008 we have prepared these sales particulars as a general guide to give a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floorplans and distances referred to are given as a guide and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts.
If you are looking for an 'oven ready' investment opportunity with a tenant already in situ then look no further. Alternatively, vacant possession can be arranged so if you are looking for a first home or bolt hole near the coast then this could be the one for you...
Situated on the first floor, this one bedroom flat has a kitchen, living room, bedroom and bathroom. Parking is freely available on the street. There is a section 20 notice in place for the redecoration of the communal hallway, stairs and landings at a cost still due of £1,600 per flat. The tenant pays £500 per calendar month and is in discussions with the current owner to increase the rent. If the proposed buyer wants vacant possession this can be arranged.
The location is ideal for a range of buying needs being tucked away close to the seafront and Northdown Road in vibrant Cliftonville with lots happening in terms of amenities almost right on the doorstep. Margate's 'Old Town' with its lively vibe, Turner Contemporary Art Gallery, some amazing places to eat, drink and hang out is less than 15-minutes’ walk away. The seafront is only around a 3-minute walk away and Margate station has a regular and high-speed rail service to London.
For further details or to arrange a viewing contact Alexander Russell Estate Agents 7 days a week by telephone, email or find us on social media.
GROUND FLOOR -
Communal entrance, hallway and stairs
FIRST FLOOR -
Kitchen: 11'6 x 6'8 (3.5m x 2.03m)
Living Room: 15'8 x 10'6 (4.77m x 3.2m) into bay and alcove
Bedroom: 11'3 x 9'2 (3.42m x 2.79m) into alcove
Shower Room: 8'3 x 3'3 (2.51m x 0.99m) maximum
EXTERNAL -
N/a
TENURE -
- Leasehold
- 125 years from 1 July 2005
- 108 years remaining
- Service Charge - £800 p.a. and Ground Rent - £100 p.a.
- Section 20 pending for communal areas (£1,600 each)
COUNCIL TAX - Band A (£1,340 P.A.)
EPC RATING - 72 | C
AGENTS NOTE - In Compliance with the Consumer Protection from Unfair Trading Regulations 2008 we have prepared these sales particulars as a general guide to give a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floorplans and distances referred to are given as a guide and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts.