Westbrook Road, Margate, Kent, CT9 5BH
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
7
- BATHROOMS
6
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- RP1132
- Sea Views
- Great Investment.
Description
RP1132 -We are delighted to present this fantastic investment opportunity, two Buildings with 6 freehold flats ( 3 Flats in each building)with excellent income potential. Whether you’re a seasoned investor or just starting to build your portfolio, this property offers a blend of steady rental income and the potential for further development.
Property Details
Property One
Comprises of Three 1 bedroom apartments
Fully tenanted, providing a current annual rental income of £21,600. With a potential to effortlessly increase this to £24,000 per Annum
Tenants in situ (with a new 12 month contract) ensuring immediate returns.
Sea views from the top floor & Middle floor apartments large bay windows.
Property Two
This is currently uses as holiday lets providing a £15,000 income over 4-5month of the year.
This building comprises of two, 1 bedroom apartments and a one, 2bedroom apartment.
Potential to convert the loft space in the top floor apartment which the current owner has started and currently uses for storage space.
Top floor apartment is well decorated with modern amenities with sea views from the large bay window.
The middle apartment is a two bedroom. Well decorated with modern amenities with sea views.
Ground floor apartment one bedroom kitchen, utility room with doors from the kitchen leading into the garden.
Garden
In the garden there is a separate one bedroom and bathroom lodge. Plumbing and electric has been installed.
There is access to this via the entrance of Property 1.
Total Current Income £36,600 from long term rents and holiday lets.
Growth potential
Increased Rental rates
Increased long term rentals in Property 2
This would give a potential annual income of £49,500
This is an unparalleled opportunity to acquire this versatile property in a sought after location.
Property 2
Ground Floor Apartment
Lounge - 3.88m x 4.58m into the bay
Bedroom - 3.82m x 3.2m
Kitchen - 4m x 3m
Bathroom
Utility Room
Middle Floor Apartment
Lounge - 4m x 3.2m
Bedroom 1 - 4.5m into the bay x 3.47m
Bedroom 2 - 3m x 2.47m
Kitchen - 2.25m x 1.75m
Bathroom
Top Floor Apartment
Lounge - 4.5m into the bay x 3.34m
Bedroom - 2.95m x 3.17m
Kitchen 2.61m x 1.8m
Bathroom -
Loft Space - 6.5m into the eaves x 5.1m into the eaves.
Important Notice.
In accordance with the Property Misdescriptions Act (1991) we have prepared these sales particulars as a general guide to give a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Private garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Westbrook Road, Margate, Kent, CT9 5BH
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Visit our security centre to find out moreDisclaimer - Property reference S1175549. 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 eXp UK, South East. 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.
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