Lot 88: FREEHOLD BLOCK OF FOUR FLATS FOR INVESTMENT

Sold £260,000

A substantial four storey property located close to Margate town centre and the seafront. The property is currently arranged as four self-contained flats all with a gas heating system via radiators and double glazed windows. The second floor flat has recently undergone a programme of refurbishment.

Lower Ground Floor

Flat A

Entrance hall, living room, kitchen, bedroom room and bathroom with W.C.

Outside

Access to rear garden.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £475 per calendar month.

Ground Floor

Communal hall.

Flat B

Entrance hall, kitchen/living room, bedroom, bathroom and separate W.C.

Outside

Access to rear garden.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £400 per calendar month.

First Floor

Landing and two storage cupboards.

Flat C

Hallway, kitchen, living room/bedroom and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £375 per calendar month.

Second Floor

Flat D

Hallway, kitchen, living/bedroom and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £395 per calendar month.

Auctioneer’s Note

The seller has advised the Auctioneer the scaffolding in the photograph was erected for roof works which have now been completed.

Residential EPC: D

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