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Clive Emson Online Auction describes this property as:
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. ...
For viewings, biddings or more information:Go to the Clive Emson Online Auction Website
Local Market Data
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Average weekly rental: £151
Average yield: 6.2%
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