Springer Homes, Broadstairs, Kent

Property For Sale

Canterbury Road
Margate, CT9

Springer Homes are delighted to offer this well maintained investment block of freehold flats and commercial unit being sold with no onward chain. The property has 2x 1 bedrooms, 1x 2 bedroom and a commercial unit. They are all currently tenanted generating a total of £21,900 per annum which gives an approx yield of 5.76% however the rents could be increased in line with the market value in the area giving you a better yield. If you are looking for an investment property with immediate income please contact Springer homes or visit our website to make your appointment to view. The property have gas central heating, water softeners installed and when the building was purchased a new roof and UPVC double glazed windows installed. There is also a communal garden 

Flat 1 £460pcm - This is a 1 bedroom flat located on the ground floor. This apartment consists of a lounge kitchen, 1x double bedroom and a bathroom. 

Flat 2 £550pcm - This is a 2 bedroom 1st floor flat. This apartment consists of a lounge/kitchen, 1x double bedroom on a higher level,1x single bedroom with access to a balcony, bathroom.

Flat 3 £425pcm - This is a 1 bedroom top floor flat. This apartment consists of a lounge kitchen, 1x double bedroom and a bathroom. 

Commercial Unit £390pcm  - This is currently on a new lease as a marine coral shop, The shop consists of a nice size shop area with a basement for storage and has a WC area at the back of the shop. Current lease is 3 years. 

We would recommend all interested parties to arrange a viewing to avoid missing this great opportunitly. 
 

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£380,000

  • 4 Bedroom
  • 3 Bathroom
  • 3 Reception
  • Block of Apartments

Features

  • Freehold Block of Apartments
  • 2x 1 Bedrooms
  • 1x 2 Bedrooms
  • No Forward Chain
  • Annual Income of £21900 P/A
  • Monthly Rent of £1825
  • Commercial Property
  • Great Location
  • Freehold
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