£750,000
8 bed block of flats for saleGrosvenor Place, Margate CT9
8 beds
4 baths
4 receptions
Freehold
About this property
EPC Ratings - C, C, D, D
4,2 Bedroom Flats
Current Annual return of £33,540 P/a
Potental Return of £45,000 P/a
Close to local amenities
Lovetts are pleased to bring to market this excellent chance to acquire a freehold block of four spacious two-bedroom flats, perfectly situated close to Margate’s Old Town, sandy beaches, and vibrant arts scene.
The property currently generates an annual rental income of £33,540 with one flat vacant, giving immediate scope to increase returns. Once fully let, the projected gross income is in excess of £45,000 per annum, making this an attractive addition to any investment portfolio.
Each flat offers well-proportioned accommodation and benefits from the area’s strong rental demand, excellent transport links, and proximity to local shops, restaurants, and the mainline station with high-speed services to London.
A rare opportunity to secure a solid income-producing asset in one of Kent’s most sought-after coastal locations.
Please note: Photos aren’t current and were taken before tenants moved in, and are only to be used to show the layout.
The property currently generates an annual rental income of £33,540 with one flat vacant, giving immediate scope to increase returns. Once fully let, the projected gross income is in excess of £45,000 per annum, making this an attractive addition to any investment portfolio.
Each flat offers well-proportioned accommodation and benefits from the area’s strong rental demand, excellent transport links, and proximity to local shops, restaurants, and the mainline station with high-speed services to London.
A rare opportunity to secure a solid income-producing asset in one of Kent’s most sought-after coastal locations.
Please note: Photos aren’t current and were taken before tenants moved in, and are only to be used to show the layout.
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