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St. Peters Road, Margate CT9 3 bed block of apartments for sale
St. Peters Road, Margate CT9
£340,000
St. Peters Road, Margate CT9
£340,000
Our Summary
- Peters Road, Margate, three self-contained flats are being offered to the market as a strong investment opportunity, currently achieving a rental yield of over 7%
- A one-bedroom second-floor flat with loft access, offering potential for conversion into an additional bedroom (subject to the necessary approvals)
- To the side of the property there is scope to extend or further develop, subject to planning permission and consents
- The current annual rental income is £25,500, with potential for review and uplift
- Investment Opportunity With Over 7% Yield
- Potential to Extend or Development (STPP)
Description
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Here is a summary of the property description in a single paragraph:
This investment opportunity presents three self-contained flats on St. Peters Road, Margate, currently achieving a rental yield of over 7%. The flats are all tenanted, making it a turnkey purchase. The property is well-located near Margate town centre, the coast, and local amenities, including the QEQM Hospital and Margate Train Station. The sale includes a one-bedroom flat with courtyard garden, a one-bedroom flat with separate storage room, and a one-bedroom flat with loft access offering potential for conversion into an additional bedroom. There is also scope to extend or further develop the property, subject to planning permission and consents, with a current annual rental income of £25,500.