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Westbrook Road, Margate CT9 7 bed block of apartments for sale
Westbrook Road, Margate CT9
£1,175,000
Westbrook Road, Margate CT9
£1,175,000
Our Summary
- We are delighted to present this fantastic investment opportunity, two Buildings with 6 freehold flats ( 3 Flats in each building)with excellent income potential
- Whether you’re a seasoned investor or just starting to build your portfolio, this property offers a blend of steady rental income and the potential for further development
- With a potential to effortlessly increase this to £24,000 per Annum⁃ Tenants in situ (with a new 12 month contract) ensuring immediate returns
Description
This is a fantastic investment opportunity, comprising two buildings with six freehold flats, offering a blend of steady rental income and potential for further development. The properties are fully tenanted, providing a current annual rental income of £36,600, with the potential to increase this to £49,500. Property One has three 1-bedroom apartments, all fully tenanted, with sea views from the top and middle floors. Property Two has two 1-bedroom apartments and one 2-bedroom apartment, currently used as holiday lets, generating £15,000 in income. The top floor apartment has a potential loft space conversion, and the ground floor apartment has a separate one-bedroom and bathroom lodge. With its versatile layout and potential for growth, this property is an unparalleled opportunity in a sought-after location.