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Property
Property description & features
- Tenure: Freehold
- Investment Opportunity
- Modern Terrace of Seven Houses
- Each With Two Bedrooms
- Living Room, Separate Kitchen
- Bathroom/W.C. & Cloakroom W.C.
- Small Courtyard Gardens
- Each With a Parking Space
- Fully Let
- Central Margate Location
- Currently Producing Approx. £56,700 per annum
RARE FREEHOLD RESIDENTIAL INVESTMENT OPPORTUNITY IN CENTRAL MARGATE
Centrally located within quarter of a mile of the town centre and sea front is this modern terrace of seven x two bedroom houses. The properties are currently fully let and are collectively producing £4,725 per calendar month (£56,700 per annum). Each house has a living room, fitted kitchen and cloakroom/W.C. on the ground floor and two bedrooms and a bathroom/W.C. at first floor level. Each house benefits from gas fired central heating, double glazing, a parking space and a small courtyard garden to the rear. Viewings are strictly by appointment with the sole agents Terence Painter.
1A CARROWAYS PLACE
GROUND FLOOR
LIVING ROOM
5.020m x 3.860m (16' 6" x 12' 8") With French doors leading out to courtyard garden. Windows to front. Understairs storage cupboard. Door to kitchen. Stairs leading to first floor.
KITCHEN
3.450m x 2.260m (11' 4" x 7' 5") window to front.
CLOAKROOM/W.C.
FIRST FLOOR
LANDING
BEDROOM ONE
2.81m extending to 3.95m x 5.02m (9' 3" ext to 12' 11" x 16' 6")
BEDROOM TWO
2.260m x 1.79m extending to 2.680m (7' 5" x 5' 10" ext to 8' 10")
BATHROOM/W.C.
2.070m x 1.680m (6' 9" x 5' 6") Fully tiled and fitted with panelled bath with shower over, pedestal wash hand basin and low level W.C.
TENANCY
Currently let on a 2-year commercial lease from November 2020 at £890 per calendar month.
1 CARROWAYS PLACE
TENANCY
Currently let on an Assured Shorthold Tenancy at £600 per calendar month.
2 CARROWAYS PLACE
TENANCY
Currently let on an Assured Shorthold Tenancy at £620 per calendar month.
3 CARROWAYS PLACE
TENANCY
Currently let on an Assured Shorthold Tenancy at £725 per calendar month.
4 CARROWAYS PLACE
TENANCY
Currently let on an Assured Shorthold Tenancy at £620 per calendar month.
5 CARROWAYS PLACE
GROUND FLOOR
LIVING ROOM
4.370m plus bay x 4.280m (14' 4" x 14' 1") Stairs leading to first floor. Door to kitchen.
KITCHEN
3.090m x 3.030m (10' 2" x 9' 11") Fitted with a good range of units, electric oven and gas hob. Door to:
REAR LOBBY
1.500m x 1.060m (4' 11" x 3' 6") With door to rear courtyard and to cloakroom/w.c.
CLOAKROOM W.C.
FIRST FLOOR
LANDING
BEDROOM ONE
4.290m max x 3.460m (14' 1" max x 11' 4")
BEDROOM TWO
3.980m x 2.220m (13' 1" x 7' 3")
BATHROOM/W.C.
2.060m x 1.910m (6' 9" x 6' 3") Fully tiled and fitted with panelled bath, wash basin and low level W.C.
TENANCY
Currently let on an Assured Shorthold Tenancy at £650 per calendar month.
6 CARROWAYS PLACE
TENANCY
Currently let on an Assured Shorthold Tenancy at £620 per calendar month.
ENERGY PERFORMANCE CERTIFICATES
Each property has a current EPC rating of 'C'.
AGENTS NOTES:
We are advised that no.s 1 to 6 have the same layout, no.1A has a different layout.
The internal images have been supplied by the vendors and are of no.s 3 & 5 and were taken prior to the current tenancies commencing (no. 3, January 2020 & no.5, July 2019).
Viewings are strictly by prior appointment with the agents Terence Painter on[use Contact Agent Button].
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