3 bedroom terraced house for sale

Cliff Terrace, Margate, CT9

Offers Over £475,000

Property Description

Key features

  • Direct Sea Views
  • 3 Bed Split Level Apartment
  • Over 6% Yield
  • Freehold Property
  • Income From Commercial Property
  • Ideal Airbnb Or Holiday Home
  • Can Be Sold Fully Furnished
  • 2 Bathrooms
  • Beautifully Finished
  • Roof Terrace And Balcony

Full description

SEA VIEWS, 3 BED APARTMENT, ROOF TERRACE PLUS COMMERCIAL - FREEHOLD OVER 6% YIELD
We are delighted to market this freehold building comprising of a 3 bedroom split level apartment with direct sea views, roof terrace and commercial property on the ground floor. This beautiful apartment is current used as a holiday home plus additional source of income via holiday lets bringing in an average of 20k per annum which could easily be improved upon. The apartment itself has its own private entrance, on the first floor is a bathroom, a large lounge with balcony and sea views, open plan kitchen/diner, utility room and south facing roof terrace to the rear. On the second floor are 3 bedrooms, 2 of which have direct sea views, a family bathroom and access to the loft. This property also benefits from double glazed windows and gas central heating.The Commercial unit on the ground floor and basement is currently let. This freehold building would make the ideal investment with a current yield of over 6% so call today to view on 01843 291777 EPC C

Location

Ideally located just under half a mile to the Old Town with its array of shops, cafes and restaurants and just a mile to the railway station


Apartment Entrance

Via a private wooden door with entry system.

Entrance Hall

With original stripped floorboards, radiator and carpeted staircase

1st Floor Landing

Original stripped floorboards, radiator, smoke alarm,

Bathroom 8' 4" x 6' 6" (2.54m x 1.97m )

With 2 double glazed windows to the rear, original floorboards with inset pebble feature, freestanding roll top bath, pedestal wash basin, low level wc, heated chrome towel rail

Lounge 18' 11" x 16' 1" (into Bay) (5.77m x 4.91m (into Bay) )

With a double glazed bay window with direct sea views, a double glazed door to the balcony. Original stripped floorboards with a cast iron feature fireplace, 3 radiators, tv and phone point, feature opening with exposed timber beams into kitchen area.

Balcony

To the front of the property with direct sea views

Kitchen / Diner 13' 3" x 13' 7" (4.03m x 4.14m )

Open plan with original floorboards, radiator, smoke alarm, overhead drop lights, space for dining table. A range of matching wall and base units in a gloss slate grey finish, wood effect worktops, localised tiling, freestanding Delonghi electric range, built in microwave. Opening through to utility

Utility Area 9' 0" x 7' 7" (2.75m x 2.31m )

With a double glazed window and door to the roof terrace. A range of matching wall and base units in the same gloss slate grey, double butler sink, integrated fridge/freezer, integrated dishwasher, cupboard housing the boiler, space for washing machine.

Roof Terrace 15' 1" x 17' 8" (4.6m x 5.38m )

South facing decked and fanced with storage units housing a washing machine and dryer.

2nd Floor Landing

Via a carpeted staircase with a double glazed window to the rear to a large landing with original floorboards throughout the top floor, radiator, loft access.

Bedroom 1 12' 3" x 13' 0" (3.73m x 3.97m )

With a double glazed window to the front with direct sea views, cast iron firplace, radiator, built in wardrobe, tv point, original floorboards.

Bedroom 2 12' 4" x 9' 5" (3.75m x 2.86m )

With a double glazed window to the rear with fitted blind, radiator, tv point, original floorboards.

Bedroom 3 6' 9" x 9' 10" (2.06m x 3m )

With a double glazed window to the front with direct sea views, radiator, original floorboards.

Bathroom 10' 9" x 3' 10" (3.27m x 1.17m )

Double shower cubicle, modern wash basin, low level wc, chrome heated towel rail, extractor, original floorboards.

Loft

Commercial Unit

Currently let as a restaurant with dining area, kitchen, toilet and rear outside space with access, large basement used as entertainment area.

Income

The ground floor and basement are currently let out with 12 years remaining at £9600 per annum plus annual increments at 4% above inflation.
The apartment although currently used by the owner as a holiday home also produces approximately 20k per annum and could be sold as a going concern holiday let with all the furnishings and fittings.




IMPORTANT NOTE TO PURCHASERS:

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.


528841625/2


More information from this agent

Listing History

Added on Rightmove:
22 September 2018

Nearest stations

  • Margate (0.9 mi)
  • Westgate-on-Sea (2.4 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:

YOUR MOVE Sales - Charterhouse, Cliftonville

220/228 Northdown Road, Cliftonville, Margate, CT9 2QD

01843 315057 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 (0.9 mi)
  • Westgate-on-Sea (2.4 mi)
  • Broadstairs (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

YOUR MOVE Sales - Charterhouse, Cliftonville

220/228 Northdown Road, Cliftonville, Margate, CT9 2QD

01843 315057 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.

Disclaimer - Property reference 528841625. 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 YOUR MOVE Sales - Charterhouse, Cliftonville. 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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