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3 bedroom commercial property for sale

Northdown Road, Margate

Guide Price £280,000

Property Description

Key features

  • Commercial & Residential
  • Shop & Two Flats
  • Income: 17,750 p.a.
  • Yield: 6.5%

Full description

Draft Details.....SHOP & TWO FLATS ABOVE.....Miles & Barr are delighted to bring to the market this mixed commercial and residential premises situated on Northdown Road in Margate. The property is over three floors, on the ground floor is a shop currently tenanted by a jewellery business on a fully repairing and insuring lease. The first floor is a two bedroom self-contained flat, currently tenanted by a long-term tenant on an Assured Shorthold Tenancy. The second floor is a one bedroom, self-contained studio flat which is currently vacant. The rental income is £14,466 p.a. and when fully let would achieve approx. £17,750 p.a.

Call Miles & Barr 7 days a week to arrange your internal viewing appointment!!

Cliftonville is a coastal area in the town of Margate, situated to the east of the main town and mainly occupies Georgian and Victorian properties. The area itself is within easy walking distance of the 'Margate Old Town', Turner Contemporary Art Gallery and the Margate railway station which is approximately 2 miles away and offers fast services to Kings Cross, St. Pancras. There are also good road links to London via the A299 Thanet Way and M2 Motorway.

Ground Floor - Shops -

Shop 1 - Left - 18.7m sq (61'4" sq) - Self-contained kiosk and back room

Shop 2 - Right - 41 sq (134'6" sq) - Comprising three rooms - shop/ trading space to front, workshop and stores to rear

Externally - Courtyard outside to the rear

First Floor - Flat -

Reception - 4.0 x 3.9 (13'1" x 12'9") -

Kitchen - 3.0 x 2.1 (9'10" x 6'10") -

Bedroom One - 3.5 x 3.1 (11'5" x 10'2") -

Bedroom Two - 3.3 x 3.3 (10'9" x 10'9") -

Bathroom -

Second Floor - Studio Flat -

Room One - 4.2 x 3.5 (13'9" x 11'5") -

Room Two - 2.0 x 3.5 (6'6" x 11'5") -

Bathroom -

More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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