4 bedroom block of apartments for saleMargate
Sold STC £290,000
- Terrific yield potential
- 1 X 2 bed flat
- 2 X 1 bed flats
- Recently refurbished
- All on leases
- No chain
- Available NOW
Full descriptionClose to Margate Old Town - Don't pass this fantastic opportunity with a yield by which we calculate at circa 6.5% from 3 flats in one FREEHOLD block which is offered with all 3 units on separate leases. The property has recently been refurbished to a good standard with immediate letting potential. 1 x 2 bedroom flat and 2 x 1 bedroom flats all self contained.
Entrance via communal front door with stairs through the building and front doors to each apartment.
Entrance via front door to:-
Lounge 15'5" (4.70m) x 14'2" (4.32m). Twin aspect room high ceilings (9'6" (2.90m)).
Bedroom 10'8" (3.25m) x 9'4" (2.84m). Double room.
Inner Hallway Door to cellar.
Kitchen 14'6" (4.42m) x 7'6" (2.29m). Fitted with units on two sides above and below work top with single drainer sink unit and mixer tap. Oven, hob and extractor, space for washing machine, cupboard housing boiler. Door to garden.
Bathroom White three piece suite comprising P bath with shower and screen, pedestal wash basin and low level W.C. Heated towel rail.
Small enclosed rear garden, approximately 28' (8.53m), paved plus rear access.
Entrance via front door to:-
Lounge 11' (3.35m) x 10'2" (3.10m). With fireplace and cupboard. A very sunny room.
Bedroom 1 11'5" (3.48m) x 8'1" (2.46m). Double room with twin aspect.
Bedroom 2 11'5" (3.48m) x 8' (2.44m) max.
Kitchen 11' (3.35m) x 7' (2.13m) max. Units on two sides above and below work surface with single drainer sink unit with mixer tap, space for washing machine, built in oven, hob and and extractor. Wall mounted boiler.
Bathroom White suite comprising twin grip panelled bath with shower and screen, pedestal wash basin and tiled splash backs.
Stairs up to second floor, built in cupboard housing boiler.
Kitchen/Living Room 16'6" (5.03m) x 11'8" (3.56m). Twin aspect room with a very sunny outlook, kitchen units fitted on two sides above and below work surface with single drainer sink unit and mixer tap. Oven, hob and extractor, space for washing machine.
Bedroom 1 11'6" (3.51m) x 11'3" (3.43m). Double room with twin aspect.
En-Suite Suite comprising shower, vanity wash basin and low level W.C.
Agent's Note None of the appliances or services have been tested and prospective purchasers should satisfy themselves as to their condition.
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