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7 bedroom flat for sale

Northdown Road, Margate

£399,995

Property Description

Key features

  • Attention All Investors!
  • 3 two bed flats 2 1 bed flats
  • Freehold Included
  • Great Investment Prospect
  • EPC s on Line
  • Near to Old Town Margate
  • Near to sea front
  • All flats currently tenanted.
  • Projected Annual Income 27,600
  • Projected Yield 7.5%

Full description

************************************* INVESTOR ALERT************************************* LOVETTS are pleased to offer this Freehold property in Margate Kent, consisting of 3 2 bedroom flats and 2 1 bedroom flats. All flats are currently let through ourselves and have been for many years. The projected annual income is £27,600. The projected yield is 7.5%.
The property is situated on Northdown Road which is within easy reach of the Old Town of Margate and the nearby sea front. There are 5 flats, please see a brief description below
There is a ground floor 2 bedroom flat, spacious with bathroom and share of courtyard garden.
To the rear of the building there is another 2 bedroom flat with own entrance on the ground floor, with courtyard garden, and a large basement.
There is a 2 bedroom, first floor flat with large loft space
To the front of the building overlooking Northdown Road there is a 1 bed flat recently decorated and recarpeted
There is also another 1 bedroom first floor flat
2 x 2 Bedroom Ground Floor Flats with courtyards. (One Let @ £425 pcm the other £575 pcm)
2 x 1 Bedroom First Floor Flats both let @ £425 pcm
1 x 2 Bedroom First Floor Flat let @£450 pcm
This property comes with freeehold and must be viewed now to avoid disappointment. Please call us on 01843 230960 to arrange viewing.

Reception - 3.86m x 5.31m (12'08 x 17'05) -

Kitchen - 2.08m x 3.02m (6'10 x 9'11) - Range of Wall and Base Units

Bedroom 1 - 5.08m x 2.69m (16'08 x 8'10) -

Bedroom 2 - 3.76m x 2.72m (12'04 x 8'11) -

Bathroom - 1.63m x 2.46m (5'04 x 8'01) -


More information from this agent

Listing History

Added on Rightmove:
25 April 2018

Map & Street View

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