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9 bedroom house for sale

Cliff Terrace, Margate

Guide Price £795,000

Property Description

Key features

  • Freehold Block
  • 5x Flats
  • Double aspect Sea Views
  • Potential income of 40,000 per annum
  • Potential for 5% Yield.
  • Attractive building
  • Great Investment

Full description

FREEHOLD BLOCK! OFTEN SOUGHT BUT RARELY FOUND! Miles and Barr are extremely delighted to offer for sale this great investment opportunity to acquire this attractive building which currently includes 5x flats. We are advised by the current owners that each flat is currently let on a shorthold tenancy with a combined income of approximately £33,000 per annum however has the potential to generate in the region of £40,000 per annum bringing in a 5% yield. All flats have been recently refurbished throughout and offer amazing double aspect Sea Views. For more information or to arrange a viewing, please call Miles and Barr 7 days a week!

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.

More information from this agent

Listing History

Added on Rightmove:
20 March 2018

Map & Street View

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