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4 bedroom block of apartments for sale

Canterbury Road, Westbrook

Sold STC £275,000

Property Description

Key features

  • Conversion of Four One Bedroom Apartments
  • Investment Opportunity
  • Current Yield in Excess of 5%
  • Current Rent In Excess of 14,000 per annum
  • Income From Day One
  • Double Glazed
  • Gas Central Heating Throughout
  • Sea View
  • Excellent Location
  • Close to Margate Mainline Station

Full description

Tenure: Freehold

Synergy Property Associates are pleased to offer for Sale as SOLE SELLING AGENTS this Investment Opportunity being Sold with the Freehold Interest and being located very close to the Sea Front, Town Centre and within a stones throw of Margate Mainline Station.

This Period Conversion consists of 4 x 1 Double Bedroom Apartments currently all rented with a yearly return in excess of £17,000 per annum and rental yield in excess of 6.21 % which can be increased. The Lower Ground and Ground Floor Apartments have their own Garden Areas with each Apartment offering their own uniquness and being all in good condition throughout, with some of the flats still retaining their original features.

Viewing is highly recommended with the property being sold with NO ONWARD CHAIN.

Lower Ground Floor Flat (F1)
Private Entrance to:-

Hallway - 12'6" (3.81m) Max x 6'1" (1.85m) Max
Doors Leading to:-

Bedroom - 12'6" (3.81m) Max x 11'6" (3.51m) Max

Lounge - 16'9" (5.11m) Max x 12'5" (3.78m) Max

Kitchen - 8'1" (2.46m) Max x 7'4" (2.24m) Max
Door to:- Bathroom

Door to:- Courtyard

Bathroom - 8'1" (2.46m) Max x 7'9" (2.36m) Max

Concrete Laid

External Steps
Leading up to:-

Communal Hallway
Door to Flat 2, Stairs Leading Up To Flat 3 and Flat 4

Raised Ground Floor Flat (F2)
Main Door Leading To:- Internal Split Level Flat

All Rooms Leading Off:-

Bathroom - 5'11" (1.8m) Max x 6'2" (1.88m) Max

Lounge - 15'7" (4.75m) Max x 13'6" (4.11m) Max
Sea Views

Bedroom - 11'1" (3.38m) Max x 9'0" (2.74m) Max

Steps Leading To:-

Door To Courtyard

Concrete Laid, Brick Walls Surrounding, Rear Entrance

First Floor Flat (F3)
Main Door Leading To :-

Leads To All Rooms

Open Plan Lounge / Kitchen - 16'11" (5.16m) Max x 13'0" (3.96m) Max
Bay Fronted Window, Sea Views

Bathroom - 5'8" (1.73m) Max x 6'2" (1.88m) Max

Double Bedroom - 10'0" (3.05m) Max x 9'11" (3.02m) Max

Top Floor Flat (F4)
Main Door Leading To:-

Stairs Leading Up To
All Rooms

Open Plan Kitchen Lounge - 12'4" (3.76m) Max x 16'1" (4.9m) Max

Bedroom - 12'2" (3.71m) Max x 10'4" (3.15m) Max

En Suite - 6'2" (1.88m) Max x 5'10" (1.78m) Max
Three Piece Bathroom Suite

Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

More information from this agent

Listing History

Added on Rightmove:
17 June 2016

Map & Street View

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