Studio for sale

Dane Hill, Margate CT9

Description

Auction property

being sold via secure sale. Terms and conditions apply. Starting offers £70,000 property 1 of 2 being sold in the same block

Looking for a charming and quirky property near the heart of Cliftonville and Margate's vibrant Old Town? Or perhaps a smart buy-to-let investment offering a strong 7.6% net return? Look no further.

This unique first-floor studio apartment is currently tenanted at £565 per month, making it an attractive option for investors or first-time buyers alike with further scope for increase

Inside, you'll find a modern style kitchen separate from the living area, slightly dated bathroom and the open plan studio set up

Unusually for a studio, this property benefits from a separate kitchen and bathroom, creating a greater sense of space and privacy than most traditional studio layouts.

Location-wise, it doesn't get much better. Set at the top of Dane Hill, you're perfectly placed to enjoy the best of Margate. Aldi is right across the road for everyday convenience, the seafront is just minutes away, and the iconic Turner Contemporary gallery and Margate Old Town are within easy reach. Cliftonville's creative scene continues to flourish, drawing people from across the country, and with handy bus stops nearby, exploring the rest of Thanet couldn't be easier.

Whether you're after a coastal bolthole, a quirky first step on the ladder, or a ready-made investment with great returns, this little gem ticks all the right boxes.

*Please note due to being next door to a commercial premises some mortgage lenders may restrict the amount they loan, therefore you are advised to make your own enquiries prior to viewing.

Enquire today to check out this fantastic little investment.

Agents notes:

Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where the property has been extended/converted, planning/building regulation consents. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked. Many properties in Ramsgate and surrounding areas that we advertise can potentially be under the Manston airport flightpath, therefore in advance of making an informed decision on any property we market please make your enquiries with your agent directly in the first instance.

Identification checks

In the event that a prospective buyer or buyers successfully have an offer accepted on a property that vsl has listed, it will be necessary to undergo a comprehensive identification check. This procedure is meticulously conducted to fulfil our legal obligations as stipulated by Anti Money Laundering Regulations (aml).

To facilitate this essential requirement, we have engaged the services of a specialised third-party provider, Lifetime Legal, to meticulously verify the identity of the individuals involved. The fee associated with these identity checks amounts to £60, inclusive of VAT, per purchase. This fee is due in advance and is directly remitted to Lifetime Legal upon the mutual acceptance of an offer, before the issuance of a sales memorandum.

It is important to note that this charge is non-refundable under any circumstances. This measure is in place to ensure strict compliance with legal regulations and to uphold the integrity of our property transactions.

*Please be advised that calls may be recorded and/or monitored to enhance our training programs and ensure compliance with data protection regulations.

At vsl, we are committed to upholding the terms of any existing Sole, Multi, or Sole Selling Rights Agreement that may be in effect. As a matter of policy, we will refrain from actively marketing your property until such an agreement has either reached its natural expiration or been officially terminated. This approach is taken to ensure full adherence to contractual obligations.

It is imperative that the terms and conditions of any prior Agency Agreement are carefully reviewed and taken into consideration. Failure to do so could potentially result in the unwarranted obligation to pay dual commission fees. We prioritise transparency and ethical practices in all our dealings to safeguard the interests of our clients.

Council Tax Band: A (Thanet)
Tenure: Leasehold (106 years)
Ground Rent: £100 per year
Service Charge: £0 per year

Kitchen (2.74m x 2.44m)

Bathroom (2.13m x 1.52m)

Lounge/Living Area (4.88m x 4.27m)