Popular
Total views: 2500+
Map8 bedroom block of apartments for sale
Grosvenor Place, Margate, CT9
Block of apartments
8 beds
4 baths
Key information
Tenure: Freehold
Council tax: Ask agent
Features and description
- 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.
Property information from this agent
About this agent
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!