Get brand editions for Thomas & Partners, Deal

9 bedroom house for sale

King Street, Margate, CT9

Sold STC £750,000

Property Description

Key features

  • Perfect Investment Opportunity
  • Superb Location
  • Six Tenanted Flats
  • Tenanted Shop Front

Full description

Tenure: Freehold

CALLING ALL INVESTORS! Are you looking for the perfect investment opportunity? Then stop looking because we've found it for you. Set in Old Town of Margate, home of Margate Meltdown, The Turner Contemporary, and the soon to be new and improved Dreamland Amusement Park, this property comprises of six flats, three with two bedrooms and three with one bedroom, all currently tenanted. You're also getting a ground floor space that currently houses "Paraphernalia" a shop that specialises in antiques, retro and vintage. You don't have to do a thing, just sit back relax and watch as your annual yield of 5% comes in.

Still not hooked? Just because the property's currently used as flats doesn't mean you have to keep it that way. Why not transform this building into a holiday let complete with restaurant or bar? With the property situated just a moments walk from the historic seafront and the wonderful, quaint shops that run alongside, you are sure to get plenty of passing trade. Not only do you have the infamous Margate beach complete with all those retro rides you loved as a kid in the summer you also have the Turner Contemporary Gallery which opened in April 2011 allowing you to take time out from the hustle and bustle of the town and relax in the artistic environment and don't forget the grand re-opening of Dreamland Amusement Park scheduled for re-opening on June 16th.

Whether you keep this property the way it is or feel like a good old revamp is needed, why not take some time to have a look at the property, enjoy fish and chips on the seafront and breathe in that sea air?

Call sole agents Thomas and Partners on 01304 36 54 54 to book your viewing today.

More information from this agent

Listing History

Added on Rightmove:
15 July 2016

Nearest stations

  • Margate (0.5 mi)
  • Westgate-on-Sea (2.0 mi)
  • Broadstairs (3.0 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Thomas & Partners, Deal

10 Victoria Road, Deal, CT14 7AP

01304 278021 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 (0.5 mi)
  • Westgate-on-Sea (2.0 mi)
  • Broadstairs (3.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Thomas & Partners, Deal

10 Victoria Road, Deal, CT14 7AP

01304 278021 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 THOMA_001322. 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 Thomas & Partners, Deal. 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.