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Refundable Holding deposit Capped at 1 weeks rent
Security Deposit Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000
Rent The agreed monthly rent
Changes to tenancy Capped at £50 inc VAT
Early termination charge Not exceeding the landlord’s financial losses
Late payment of rent Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue
Replacement keys Reasonable costs or give the tenant the option to purchase themselves.
Utilities, council tax, communication services, TV Licence etc Tenants own responsibility unless otherwise stated in contract
Client Money Protection Scheme
Membership details
TBC
Property Redress Scheme Membership details Membership number D8870
DPS Deposit proctection Scheme Agent Number 1581837
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Sold STC - King Street, Margate, CT9 - Guide Price £750,000

Front Elevation
Turner Contemporary
Beach Front
Front Elevation
Turner Contemporary
Beach Front
More about this property

Perfect Investment Opportunity

Superb Location

Six Tenanted Flats

Tenanted Shop Front

CALLING ALL INVESTORS! Are you looking for the perfect investment opportunity? Then stop looking because we've found it for you. Set in Old Town of Margate, home of Margate Meltdown, The Turner Contemporary, and the soon to be new and improved Dreamland Amusement Park, this property comprises of six flats, three with two bedrooms and three with one bedroom, all currently tenanted. You're also getting a ground floor space that currently houses "Paraphernalia" a shop that specialises in antiques, retro and vintage. You don't have to do a thing, just sit back relax and watch as your annual yield of 5% comes in.

Still not hooked? Just because the property's currently used as flats doesn't mean you have to keep it that way. Why not transform this building into a holiday let complete with restaurant or bar? With the property situated just a moments walk from the historic seafront and the wonderful, quaint shops that run alongside, you are sure to get plenty of passing trade. Not only do you have the infamous Margate beach complete with all those retro rides you loved as a kid in the summer you also have the Turner Contemporary Gallery which opened in April 2011 allowing you to take time out from the hustle and bustle of the town and relax in the artistic environment and don't forget the grand re-opening of Dreamland Amusement Park scheduled for re-opening on June 16th.

Whether you keep this property the way it is or feel like a good old revamp is needed, why not take some time to have a look at the property, enjoy fish and chips on the seafront and breathe in that sea air?

Call sole agents Thomas and Partners on 01304 36 54 54 to book your viewing today.

Arrange a Viewing

This property is currently Sold STC. However, register your details below and we will contact you if it becomes available again.

IMPORTANT NOTICE FROM THOMAS AND PARTNERS

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.