2 bedroom flat for sale

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2 bedroom flat for sale

4(D) Arlington House, All Saints Avenue, Margate
£40,000

Our Summary

  • TO BE SOLD BY ONLINE AUCTION AS LOT 93 ON TUESDAY 10 DEC 2024 - Leasehold Flat Investment
  • A Self-Contained Fourth Floor Flat requiring modernisation in a Purpose-Built Block with Sea Views and accommodation comprising:

Description

This leasehold flat investment is situated on All Saints Avenue in Margate, close to the town centre and train station, with sea views from the fourth floor. The property requires modernization and consists of an entrance hall, living room/kitchen, two bedrooms, and a bathroom/wc. It is currently let on an assured shorthold tenancy at £900 per month, producing £10,800 per annum. The lease has approximately 51 years unexpired and is rated D for energy efficiency. The property is a great opportunity for an investor looking to generate a steady income stream.
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