3 bed block of flats for sale

St. Peters Road, Margate CT9

Please Quote Ref: JJ1194

Located on St. Peters Road, Margate, three self-contained flats are being offered to the market as a strong investment opportunity, currently achieving a rental yield of over 7%. All three flats are tenanted, making this an ideal turnkey purchase.

The property is well positioned within easy reach of Margate town centre and the coast. It is also conveniently close to the qeqm Hospital (0.6 miles) and Margate Train Station (0.9 miles), with Margate High Street (0.3 miles), sandy beaches, and local amenities all within walking distance.

Originally converted into four self-contained flats, this sale presents the opportunity to acquire three of them:

A one-bedroom lower ground floor flat with courtyard garden.
A one-bedroom first-floor flat with separate storage room, suitable as a study or additional reception room.
A one-bedroom second-floor flat with loft access, offering potential for conversion into an additional bedroom (subject to the necessary approvals).

To the side of the property there is scope to extend or further develop, subject to planning permission and consents. The current annual rental income is £25,500, with potential for review and uplift.

There is also flexibility to purchase two of the three flats while they remain available. For further details, please contact Joe Jezzard.