High Street, Margate CT9 Studio for sale

>

High Street, Margate CT9 Studio for sale

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.