This property is not currently available. It may be sold or temporarily removed from the market.

Northdown Road, Margate

£450,000 Guide Price
  • Type: Block of Flats
  • Availability: Sold STC
  • Bedrooms: 7
  • Bathrooms: 4
  • Reception Rooms: 4
  • Council Tax Band: A
  • Tenure: Freehold
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Property Features

  • INVESTMENT OPPORTUNITY
  • Freehold Block of 4 flats
  • Income of £34,500 per annum
  • Yield above 7.5% at the asking price
  • Less than a 10-minute walk to the Old Town
  • Off road parking to the rear

Property Summary

INVESTMENT OPPORTUNITY | Freehold Block of 4 flats | Income of £34,500 per annum | An opportunity to acquire a running investment property that boasts a yield return of above 7.5% at the asking price


Full Details

An opportunity to acquire a running investment property that boasts a yield return of above 7.5% at the asking price. The property comprises of four independent leasehold apartments. You would own the whole show with freehold. Whats particularly attractive is that you are less than a 10-minute walk of the highly popular Margate Old Town with independent restaurants, cafes, boutiques and art galleries. A great opportunity to start investing or to added seasoned property into your portfolio. Many are watching this location closely on the expectation that the trendy old town with ripple out with positive effects.

If you are looking for a turnkey investment opportunity that's fully occupied with a reliable and regular income of £34,500 per annum then look no further. The property also benefits from two off-road parking spaces to the rear which are allocated to flats 1 and 2.

For further details or to arrange a viewing contact Geek Estate Agents by telephone, email or find us on social media. Alternatively you can also get in touch via our website geek-moves.com

FLAT 1 -
Lower Ground Floor
2 bedrooms // 1 bathroom
940 sq feet (87.4 sqm)

FLAT 2 -
Upper Ground Floor
2 bedrooms // 1 bathroom
1,026 sq feet (95.4 sqm)

FLAT 3 -
First Floor - split level
1 bedroom // 1 bathroom
675 sq feet (62.7 sqm)

FLAT 4 -
Second Floor - split level
2 bedrooms // 1 bathroom
670 sq feet (62.3 sqm)

TENURE -
Freehold block, 4 separate leases

COUNCIL TAX -
Band A (approx. £1,380 per flat)

EPC RATING -
Flat 1 | 50 E
Flat 2 | 53 E
Flat 3 | 64 D
Flat 4 | 61 D

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. Room measurements are maximum unless otherwise stated. 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.