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Cliftonville, Margate

8 4

£480,000


Property Features

  • 4 x 2 Bedroom Apartments
  • Off street parking to the front
  • Freehold & Long Leases
  • Gardens to rear
  • Annual income of £30,600 PA
  • Rental yield of 6.2%
  • Minutes from Northdown Road
  • Excellent investment property
  • Refurbished in 2019
  • Gas central heating/Double glazing

Full Details

INVESTMENT OPPORTUNITY WITH HIGH RETURN. Freehold building with 4 x two bedroom NEWLY REFURBISHED self contained apartments. The basement and ground floor apartments have their own decking and share of the rear garden. THERE IS OFF STREET PARKING TO THE FRONT OF THE PROPERTY. The apartments/building and communal areas were refurbished in 2019, all apartments benefit from gas central heating and double glazing throughout, modern bathrooms and kitchens, off street parking to the front, EPCs 3 x C and 1 x D. CURRENT RENT £28,200 PA, PRODUCING A YIELD OF 5.9%. LONG LEASES FOR EACH FLAT. Call 01843 221000 for further details. FLAT 1 /BASEMENT

LOUNGE/DINER 18' 2" x 12' 8" (5.54m x 3.86m) Double glazed door and windows, radiator, laminate flooring.

HALL Laminate flooring.

KITCHEN 7' 6" x 9' 1" (2.29m x 2.77m) Matching base and eye level cupboards with complementary work surfaces, stainless steel sink with mixer tap, built in electric oven and hob, extractor, space for fridge/freezer, space and plumbing for washing machine, radiator, laminate flooring.

BATHROOM White suite comprising panelled bath with mixer taps, pedestal hand basin with mixer tap, low level W.C., radiator, laminate flooring.

BEDROOM 18' 0" x 7' 3" (5.49m x 2.21m) Double glazed window, radiator, carpet flooring.

BEDROOM 9' 3" x 9' 3" (2.82m x 2.82m) Double glazed windows and door, wall mounted boiler, radiator, carpet flooring.

GARDEN Steps leading to the laid to lawn garden with mature trees and shrubs.

COMMUNAL HALLWAY Solid wood door, laminate flooring, stairs to 1st and 2nd floors with carpet flooring.

FLAT 2

HALL Carpet flooring.

KITCHEN/LOUNGE 11' 7" x 15' 6" (3.53m x 4.72m) Double glazed bay windows, fitted kitchen cupboards with matching base and eye level cupboards, stainless steel sink with mixer tap, tiled splashback, built in electric oven, gas hob, extractor, space and plumbing for a washing machine, space for fridge/freezer, space for additional fridge, radiator, laminate/carpet flooring.

BATHROOM White suite comprising panelled bath, low level W.C., pedestal hand basin, radiator, carpet flooring.

BEDROOM 10' 8" x 9' 4" (3.25m x 2.84m) Double glazed window and door leading to a raised decked area. Radiator, carpet flooring

BEDROOM 7' 0" x 9' 9" (2.13m x 2.97m) Double glazed window and door leading to the raised decked area, radiator, carpet flooring.

DECKING/GARDEN Raised decking leading down to the laid to lawn garden.

FLAT 3

HALL Radiator, carpet flooring.

BEDROOM 12' 3" x 11' 1" (3.73m x 3.38m) Double glazed window to front, radiator, carpet flooring.

BATHROOM White suite comprising panelled bath with mixer tap, pedestal hand basin with mixer tap, low level W.C., radiator.

BEDROOM 5' 11" x 12' 10" (1.8m x 3.91m) Double glazed bay window to front, radiator, carpet flooring.

KITCHEN 9' 5" x 10' 0" (2.87m x 3.05m) Double glazed window to rear, matching base and eye level cupboards with complementary worktops, tiled splashback, stainless steel sink, built in electric oven, gas hob, extractor, plumbing and space for washing machine, space for fridge/freezer, radiator, laminate flooring.

LOUNGE 9' 8" x 10' 8" (2.95m x 3.25m) Double glazed window to rear, radiator, wall mounted boiler, carpet flooring.

FLAT 4


HALL Stairs, split level landing, carpet flooring

BEDROOM 10' 4" x 9' 11" (3.15m x 3.02m) Double glazed window to rear, radiator, carpet flooring.

LANDING Radiator, carpet flooring.

BEDROOM 10' 9" x 9' 4" (3.28m x 2.84m) Double glazed window to rear, wall mounted boiler, radiator, carpet flooring.

BATHROOM White suite comprising panelled bath, low level W.C., radiator, carpet flooring.

LOUNGE/KITCHEN 16' 7" x 9' 8" (5.05m x 2.95m) 16'7" narrows to 13'5"

MEASUREMENTS
All measurements are for general guidance purpose only. The measurements are approximate, the measurements given should not be relied on. All measurements were taken using a sonic tape therefore maybe subject to a small margin of error.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

The mention of any appliances and/or services within these particulars does not imply they are in full or efficient working order



RENTAL SERVICE Family Business, Full Management & Tenant Find Service, Members of UKALA and The Property Ombudsmans, Established since 2007.

SELECTIVE LICENCE Please note you will need a Selective Licence to rent out a property in this area. Please log on to the Thanet District Council for further details or call Samantha on 01843 221000.



MORTGAGE SERVICE Re-mortgage * Buy to Let * Commercial Finance * Home Mover * Family Business * Established since 2002 * Call David on 01843 292935





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