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High Street, Margate CT9 Studio for sale
High Street, Margate CT9
£50,000
High Street, Margate CT9
£50,000
Our Summary
- Historic Building in the Heart of Margate | Eighth-Floor Studio | Strong Investment Potential
- Currently achieving approximately £550 per calendar month, the property offers a potential gross rental yield of 11% at £60,000, and up to 13
- Tenure: Leasehold 67 years remaining- cash buyer (details available on request)
- CASH BUYER
- Cash buyer
Description
This eighth-floor studio apartment is located in a historic Grade II listed building in the heart of Margate, just a short walk from popular attractions like Dreamland, Margate Main Sands, and the Turner Contemporary. The studio offers bright open-plan living and a modern bathroom, making it an ideal investment opportunity or home for those seeking a well-located base by the sea. With an estimated rental income of £550-£575 per month, the property offers a potential gross yield of 11-13.2%, depending on the purchase price, which is guided at £50,000-£60,000.