Investment Opportunity

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8 bedroom block of apartments

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01843 306691

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Block of apartments

8 bed

8 bath

Key information

Tenure: Freehold

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Water: Ask agent

Heating: Ask agent

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Property description & features

Tenure: Freehold
EPC Rating - C
8 Self Contained Flat
Close to Shops/Beaches
Good Condition Throughout
Return - £45,000p/a
Viewing by Appointment

JUST REDUCED - BARGAIN INVESTMENT - Located within easy reach of the Northdown Road shopping parade as well as the sandy coastline Thanet has to offer, Lovetts are delighted to bring to the market this substantial property that consists of eight self contained one bedroom flats. The are two flats on the lower Ground Floor having their own little Gardens space while the rest of the Garden is then shared access to the other six flats. Having managed the building for over 5 years we can confirm the property is in good order throughout and currently generate an annual return of just of £45,000 per annum, making this a very attractive investment opportunity.

INTERNAL VIEWING STRICTLY BY APPOINTMENT GIVING 48 HOURS NOTICE TO VIEW MINIMUM

FREEHOLD INCLUDED ALONG WITH 8 LEASES HAVING 103 YEARS REMAINING EACH

Property information from this agent

Godwin Road, Margate

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Places of interest

Lovetts Property Services - Cliftonville

177 Northdown Road Cliftonville, Kent CT9 2PA

01843 306691

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What is your home worth?

Lovetts Property Services is an independently owned and family run Estate Agency specialising in the sales and lettings of property predominantly in and around Thanet as well as covering Canterbury and Herne Bay. Founded in the early 1980's, the company has since grown considerably, expanding into more offices to provide a greater personal service to all vendors and landlords. Richard Crosby, the longest serving director, has been with the firm since 1996 and has been key to the continual expansion of the company which has gained him considerable experience within both the sales and lettings markets. During this time he has been able to branch out further and now has a flourishing Land and Development and Commercial departments. Employing a unique and distinctive marketing style, which marries the latest digital technology with a commitment to traditional values such as personal service and attention to detail, our highly motivated sales and lettings team, headed by the resident directors, can genuinely claim that whether buying, selling or letting - you'll be sold on our service!

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*DISCLAIMER

Property reference 31589655. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Lovetts Property Services - Cliftonville.

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Broadband availability and predicted speed

Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s

The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

Mobile phone signal availability and predicted strength

Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

Energy Performance data and Internal floor area

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