Get brand editions for Miles & Barr, Margate

3 bedroom terraced house for sale

Belgrave Road, Margate

£285,000

Property Description

Key features

  • FREEHOLD BLOCK OF FLATS
  • Three one bed flats
  • Annual income approx 16,800
  • Rental yield approx 5.2%
  • Close to beach and Dreamland
  • Well managed block

Full description

INVESTMENT OPPORTUNITY - FREEHOLD BLOCK OF FLATS IN CENTRAL MARGATE

This freehold investment opportunity comprises three one bedroom flats arranged over three floors. The block is ideally located for long-term rental...and would even suit a holiday let strategy very well due to the location. This property has the best of Margate quite literally on the doorstep with the beach and Dreamland around a 3 minute walk away, the train station, resurgent 'Old Town' and Turner Contemporary all within a 10 minute walk. Flats 1 and 3 are currently let on Assured Shorthold Tenancies and when fully let the building has an annual rental income of approx £16,800 and at the asking price a yield in the region of 5.2%.

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

Margate is a fantastic seaside town and includes the outlying areas of Cliftonville, Garlinge, Palm Bay and Westbrook. The energy surrounding Margate is palpable, the town boasts a world class Art Gallery - the Turner Gallery, the UK's original pleasure park - 'Dreamland', has fast Rail links into London - Kings Cross, St. Pancras and of course not forgetting the stunning sandy beaches and sparkling bays. You are within a 10-minute drive to the neighbouring towns which are Broadstairs, Ramsgate and Birchington. There are also good road links to London via the A299 Thanet Way and M2 Motorway.

Flat 2 -

Lounge - 4.67m x 3.76m (15'4 x 12'4) -

Bedroom - 3.84m x 3.45m (12'7 x 11'4) -

Inner Hall -

Wc - 1.37m x 1.07m (4'6 x 3'6) -

Kitchen - 2.34m x 2.01m (7'8 x 6'7) -

Terrace - 1.85m x 1.83m (6'1 x 6'0) -


More information from this agent

Listing History

Added on Rightmove:
14 July 2017

Nearest stations

  • Margate (0.3 mi)
  • Westgate-on-Sea (1.8 mi)
  • Broadstairs (2.9 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Miles & Barr, Margate

155-157 Northdown Road, Cliftonville, Margate, CT9 2QY

01843 315070 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Margate (0.3 mi)
  • Westgate-on-Sea (1.8 mi)
  • Broadstairs (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Miles & Barr, Margate

155-157 Northdown Road, Cliftonville, Margate, CT9 2QY

01843 315070 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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