St. Peters Road, Margate
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
3
- BATHROOMS
3
- SIZE
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Key features
- Please Quote Ref: JJ1194
- Investment Opportunity With Over 7% Yield
- Within Walking Distance of QEQM Hospital & Margate High Street
- Three Self-Contained Flats
- Tenants in Situ.
- Potential to Extend or Development (STPP)
- No Onward Chain
Description
Please Quote Ref: JJ1194
Located on St. Peters Road, Margate, three self-contained flats are being offered to the market as a strong investment opportunity, currently achieving a rental yield of over 7%. All three flats are tenanted, making this an ideal turnkey purchase.
The property is well positioned within easy reach of Margate town centre and the coast. It is also conveniently close to the QEQM Hospital (0.6 miles) and Margate Train Station (0.9 miles), with Margate High Street (0.3 miles), sandy beaches, and local amenities all within walking distance.
Originally converted into four self-contained flats, this sale presents the opportunity to acquire three of them:
A one-bedroom lower ground floor flat with courtyard garden.
A one-bedroom first-floor flat with separate storage room, suitable as a study or additional reception room.
A one-bedroom second-floor flat with loft access, offering potential for conversion into an additional bedroom (subject to the necessary approvals).
To the side of the property there is scope to extend or further develop, subject to planning permission and consents. The current annual rental income is £25,500, with potential for review and uplift.
There is also flexibility to purchase two of the three flats while they remain available. For further details, please contact Joe Jezzard.
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- 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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St. Peters Road, Margate
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