Flat,  Ethelbert Terrace, Margate 2 bed apartment for sale

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Flat, Ethelbert Terrace, Margate 2 bed apartment for sale

Ethelbert Terrace, Margate, Kent CT9
£165,000

Our Summary

  • Investment Opportunity Currently Offering Over a 6% Yield

Description

This charming two-bedroom top-floor flat is presented by Cooke & Co, offering panoramic sea views and immediate availability for viewing. The property is currently tenanted at £900 per calendar month, providing an attractive yield of approximately 6.5% for investors. The flat features a neutral kitchen and bathroom, a spacious split-level landing, two comfortable bedrooms, and a well-proportioned lounge. With its prime location just a stone's throw from the promenade, the property is within easy walking distance of Margate's Old Town, Main Sands beach, and the mainline railway station. The vendor is willing to offer the property with vacant possession, providing flexibility for prospective buyers. With a lease of 125 years from 2004 and a service charge of £2800 per annum, this property is an excellent addition to any investment portfolio or a great opportunity for first-time buyers or those seeking to downsize.