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2 bedroom flat for sale

Edgar Road, Margate


Property Description

Key features

  • Tenant-in-situ
  • Rental income: 6,000 p.a.
  • First floor, two bedrooms
  • Long lease and low charges
  • Opportunity to increase yield

Full description

Draft Details.....INVESTMENT OPPORTUNITY.....This lovely two bedroom first floor flat is situated on Edgar Road in Cliftonville, Margate close to local shops and amenities. The property is being offered for sale with a tenant-in-situ so a great opportunity to hit the ground running by acquiring a ready made investment producing an income from day one. The current rental income is below market at £6,000 per annum so also represents an opportunity for the new owner to increase the yield. The leasehold title comes as part of a 'Right to Manage' block and the lease term has recently been extended. We have also been advised that the property is fully to spec and registered with the selective licencing scheme.

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.

First Floor Flat -

Hallway -

Lounge - 5.36m x 3.43m (17'7 x 11'3) -

Kitchen - 3.84m x 2.06m (12'7 x 6'9) -

Bathroom - 2.72m x 1.47m (8'11 x 4'10) -

Bedroom One - 4.06m x 3.02m (13'4 x 9'11) -

Bedroom Two - 2.72m x 2.69m (8'11 x 8'10) -

More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
19 August 2016

Map & Street View

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