Block of flats for sale

Fort Paragon, Margate CT9

Strapline

Auction Sale - 24/02/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -

High Yielding Residential Block Investment with Evident Asset Management Potential

Freehold Terraced Building Comprising 5 x One Bedroom Flats - Fully Let on Separate ASTs

Investment Let at £41,100 per annum

Description

The property comprises a high yielding residential block investment benefitting from evident asset management potential and situated in an established and popular location.

Arranged across ground, lower ground and three upper floors, the property comprises five self contained one bedroom flats.

The flats are fully let on separate Assured Shorthold Tenancies (ASTs) to private individuals producing a total £41,100 per annum. We consider the property offers asset management potential via improvement of rent, with several flats producing rents lower than others within the block.

• Flat 1 - £625 pcm - £7,500 per annum
• Flat 2 - £800 pcm - £9,600 per annum
• Flat 3 - £725 pcm - £8,700 per annum
• Flat 4 - £725 pcm - £8,700 per annum
• Flat 5 - £550 pcm - £6,600 per annum

The property includes a large rear garden which may be suitable for development (subject to tenancies and obtaining the requisite consents), either to extend the property at the rear or carry out a separate development. Several adjacent buildings have already been extended at the rear to various degrees.

The property occupies a highly desirable location fronting Margate Winter Gardens with sea views. The property is also well located for the amenities of Margate, with Northdown Road approx 0.2 miles away, 0.3 miles to Margate Old Town and 0.9 miles to Margate Station.

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