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Grosvenor Place, Margate, CT9 8 bed block of apartments for sale
Grosvenor Place, Margate, CT9
£750,000
Grosvenor Place, Margate, CT9
£750,000
Our Summary
- The property currently generates an annual rental income of £33,540 with one flat vacant, giving immediate scope to increase returns
Description
Lovetts are pleased to present a rare opportunity to acquire a freehold block of four spacious two-bedroom flats in Margate's Old Town, close to sandy beaches and the vibrant arts scene. The property currently generates an annual rental income of £33,540, with one flat vacant, offering immediate scope to increase returns. Once fully let, the projected gross income exceeds £45,000 per annum, making it an attractive addition to any investment portfolio. Each flat offers well-proportioned accommodation and benefits from the area's strong rental demand, excellent transport links, and proximity to local shops, restaurants, and the mainline station with high-speed services to London.