2 bed flat for sale

Ethelbert Terrace, Margate, Kent CT9

Cooke & Co are pleased to present this charming two-bedroom top-floor flat, offering panoramic sea views and immediate availability for viewing!

Currently tenanted at £900 per calendar month, the property delivers an attractive yield of approximately 6.5%, making it an excellent addition to any investment portfolio. The vendor also indicates that the property can be offered with vacant possession, providing flexibility for prospective buyers.

The accommodation comprises a neutral kitchen and bathroom, a spacious split-level landing, two comfortable bedrooms, and a well-proportioned lounge. This property is ideal for first-time buyers, those seeking to downsize, or investors looking to expand their portfolio.

Situated just a stone's throw from the promenade, the flat is within easy walking distance of Margate's Old Town, renowned for its independent shops and eateries, as well as the Main Sands beach and the mainline railway station offering direct services to London King's Cross and St Pancras.

For more information or to arrange a viewing, please contact Cooke & Co today or visit our website at .

Split Level Landing

Double glazed window to side. Wall mounted fuse box. Entry phone. Thermostat. Loft hatch x 2 providing access to storage.

Kitchen (10’4 x 6'10 (10’4 x 2.08m))

Range of wall and base units with space for washing machine, under counter fridge, oven. Sink with drainer. Double glazed window to side. Power points. Wall mounted boiler within cupboard. Extractor fan. Door to..

Bathroom (6’10 x 5’1)

Panelled bath with rain shower over. Low level WC. Wash hand basin. Radiator with tvr control.

Lounge (13’4 x 8’2)

Double glazed window to front with direct sea views. Power points. Radiator with tvr control . TV point

Bedroom One (13’1 x 11’9)

Double glazed window to rear. Power points. Radiator with tvr control.

Bedroom Two (9’4 x 8’1)

Double glazed window to Front with direct sea views. Power point. Radiator with tvr control .

Leasehold Information

The vendor informs us that the lease is 125 years from 2004 (approximately 104 years remaining). The vendor advises the ground rent is £50 per annum.
The vendor advises the service charge is £2800 per annum.

Agents Notes

Please be aware that the photos used for marketing were taking prior to the currently tenancy.

We are informed by the vendors that Air bnb / Holiday letting is not possible within the block.

The seller has advised us a new boiler was installed in 2021. And benefits from a 5-year guarantee from the date of
installation.
We have also been advised that new fuse board was installed in April 2021 and there is a certificate to prove such.