Investment Property (freehold) consisting of 5 self contained, 2 bedroom flats. All currently let on AST's producing approximately £53,500 per annum (Gross). The building has sea views from most apartments and is situated within 700 metres of the Margate Winter Gardens, the harbour & Turner Contemporary and a short distance from the "Old Town" of Margate. Part double glazed and fully electric throughout. (As the properties are all currently let, we will require 48 hours notice to facilitate viewing requests) Ideal location for Air B&Bs.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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