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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 presents a rare opportunity to acquire a freehold block of four spacious two-bedroom flats in Margate's Old Town, just a stone's throw from the beach and vibrant arts scene. The property currently generates an annual rental income of £33,540, with one flat vacant, offering immediate potential to increase returns. With excellent transport links and proximity to local amenities, each flat benefits from strong rental demand. Once fully let, the projected gross income exceeds £45,000 per annum, making this an attractive addition to any investment portfolio. With a solid income-producing asset in one of Kent's most sought-after coastal locations, this is a rare chance to secure a lucrative investment opportunity.