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Cliftonville

£395,000

Property Description

Key features

  • 8.6% Yield
  • Current Income of 34,000 pa
  • Two Self Contained Flats
  • Small Office
  • Double Retail Unit
  • Generous Storage

Full description

EXCELLENT INCOME OPPORTUNITY 8.6% YIELD! Parkland Estates are delighted to present to the market this exciting freehold investment opportunity with so much to offer. The property includes the double retail unit, currently on a 20 year commercial lease, with plenty of storage and office space as well as two large self contained apartments above with a separate private entrance. The living accommodation is currently generating £14,400 per annum whilst the retail unit and the small office space generate £19,600 per annum. A combined total of £34,000 offering a generous yield of 8.6% at the current asking price. The retail unit is currently on a commercial lease for further details please apply within. Viewing is strictly by appointment only so please call Parkland Estates to arrange your accompanied viewing.

Retail Unit - Currently on a commercial lease for twenty years with annual rent reviews every three years. Generating £17,000 per annum.
Multiple storage rooms and staff offices as well as a generous basement and rear access.

Single Office Room - Currently vacant but available to let with an income potential of £2600 per annum.

Five Bedroom Apartment - Currently let at £700pcm this spacious maisonette offers five bedrooms, kitchen, bathroom, shower room and additional separate w/c.

Three Bedroom Apartment - Currently let at £500pcm the second maisonette also offers plenty of living space with a generous living room/extra bedroom, kitchen, bathroom, two well proportioned bedrooms and an additional w/c. Both flats have access to the roof that is currently laid out as a garden roof terrace.

Agents Note - None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. No appliances have been tested.

Agents Note - Need help in arranging your finance ? M&C Financial Services can offer whole of market mortgage advice to the clients of Parkland Estates.

Your home may be repossessed if you do not keep up repayments on your mortgage.

We charge a non-refundable administration fee of £99 payable on application, plus a broker fee payable on completion which is typically £295 this may increase to £495 depending on your circumstances. The fee will not exceed more than 1.5% of the mortgage amount. Please contact M&C Financial Services on 01843 842222 or email mortgages@mandcfinancial.co.uk to discuss further.

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More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Margate (1.0 mi)
  • Westgate-on-Sea (2.5 mi)
  • Broadstairs (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Parkland Estates, Cliftonville

131 Northdown Road, Cliftonville, Margate, Kent, CT9 2QY

01843 315051 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Margate (1.0 mi)
  • Westgate-on-Sea (2.5 mi)
  • Broadstairs (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Parkland Estates, Cliftonville

131 Northdown Road, Cliftonville, Margate, Kent, CT9 2QY

01843 315051 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 26460572. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Parkland Estates, Cliftonville. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.