177 Northdown Road
Cliftonville
Margate
Kent
CT9 2PA
Grosvenor Place, Margate, CT9
Price £750,000
8 Bedroom Block of Flats
- 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.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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