£120,000 /Sale price

Margate Kent CT9 1RX

Overview

SUMMARY: Discover an opportunity with this Margate shared living/flatmate for sale and available for £120,000 /Sale price. This could be your next ideal home or a smart investment. More details await.
2 Bedroom Apartment for Sale CT9, Margate Sea Views Tenanted Strong Rental Demand Location Positioned on Ethelbert Terrace, this sea-facing top
floor apartment is well located for Margate Old Town, High Street, beach and Margate Train Station (approx. 1.1 miles). Popular attractions including Dreamland (0.9 miles) and Botany Bay Beach, Kingsgate (2.1 miles) are also close by, supporting consistent tenant demand. Accommodation Arranged over two levels, the flat offers an entrance hall, a living room with sea views, two bedrooms (one enjoying sea views), a fitted kitchen, and a bathroom. The split-level layout provides clear separation between living and sleeping space, appealing to long term tenants. Tenancy & Income The property is sold with tenants in situ, currently achieving £950 per calendar month on a Rent Guaranteed basis providing immediate rental income from day one. Lease
& Charges We are advised there are approximately 102 years remaining on the lease. The current service charge is approximately £2,800 per annum (subject to confirmation from the vendor's solicitor).Council Tax Band: A Tenure: Leasehold Length Of Lease: 103
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Details

  • Beds: 2
  • Baths: 1
  • Price: £120,000 /Sale price
  • Reference No.: 89427008

Amenities

  • Home
    • Being sold via Secure Sale online bidding. Terms & Conditions apply
    • 2 Bedroom Split Level Flat
    • Turnkey Investment
    • Immediate Rental Income of £11,400 per annum
    • Potential Yield in Excess of 7.75%
    • Easy Access to Margate Old Town
    • High Street
    • Beach & Train Station
    • Close to Dreamland and Botany Bay
    • Direct Sea Views

Location

Marketed by:

  • Pattinson Estate Agents, Auction
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This Shared Living/Flatmate for sale is located at Margate CT9 1RX. The home has 2 Bedroom and 1 Bathroom. This 2 bedroom Shared Living/Flatmate in Margate Kent is for sale for £120,000 /Sale price.

Disclaimer

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