Cooke & Co Cliftonville

Tel: 01843 231833

Fax: 01843 231841

Email: cliftonvillesales@cookeandco.com

147 Northdown Road, Cliftonville
Margate
Kent
CT9 2QY

Surrey Road, Margate, Kent

£625,000

10 Bedroom Block Of Flats

  • Freehold Block Of Flats
  • Five x Two Bedrooms
  • Council Tax Band A
  • No Forward Chain
  • Annual Income £31,200 p/a
  • Monthly Rent of £520 Per Flat
  • Gardens & Balconies
  • Period Conversion
  • EPC Rating: C
  • Freehold

Cooke & Co are please to offer this investment block of freehold flat being sold with no forward chain. This period conversion has been divided into five, two bedroom apartments. Four of these apartments have access to outside space via a garden or a balcony. They are all currently rented for an annual total of £31,200 per annum which gives an approx yield of 4.8% however the rents could be increased in line with the market trend. Further benefits include double glazing and gas fired central heating. If you are looking for a ready made investment property with immediate income immediate income please contact Cooke & Co on 01843 231833 or visit our website www.cookeandco.com to make your appointment to view.

Flat 1

This is a 2 bedroom split level flat located on the ground floor. This apartment has access to a private veranda.

Flat 2

This is a 2 bedroom ground floor flat on one level. This apartment has access to a private courtyard garden.

Flat 3

This is a 2 bedroom ground floor. This apartment has access to a good sized private garden.

Flat 4

This is a 2 bedroom apartment set on the first floor. This apartment has access to two balconies one at the front and one at the rear of the building.

Flat 5

This is a 2 bedroom apartment set on the second floor. This apartment has no balcony or outside space.

Additional Information

This building is being sold with the freehold.
We have been advised by the current owner of the following;
All the flats all guaranteed rent from Omega Lettings for £520 per month. However, all AST contracts have expired therefore the current rents could be increased in accordance to the market trend.

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Energy Efficiency and Environmental Impact

Energy efficiency chart Environmental impact chart

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