Block of Apartments

Turner Heights, Zion Place, Margate, CT9 1RA

Size: 62 sqm

Purchase price

£775,000

Size: 62 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £37,500
Ground rent £500
Service charge £4,000
Lettings fees £1,875
Net income £31,125
Gross yield 4.84%
Net yield 4.02%

A SMALL BLOCK OF 2-BEDROOM APARTMENTS IN THE COASTAL TOWN OF MARGATE - A FANTASTIC INVESTMENT OPPORTUNITY - ALL 5 APARTMENTS ARE TENANTED!!


This is a fantastic opportunity to invest in a small block of 2-bedroom apartments within the Turner Heights development in Margate. There are 5 incredible apartments which are situated on the ground, 1st and 3rd floor of the building. Offered unfurnished, these apartments comprise of bright and spacious living areas; modern fitted kitchens with appliances; 2 double bedrooms with en-suites for the master bedrooms; and 3-piece bathroom suites. Each of the 5 apartments benefit from an allocated parking space, as well as lift access and a secure entry system. These apartments are well presented throughout and coupled with an unbeatable location, this development is extremely popular with tenants.

Investment Highlights:
- All 5 of these apartments are tenanted on 6 month, rolling contracts.
- An overall NET yield of 4.02%
- Margate’s house prices have increased by 32.04% in the last 5 years (Zoopla, June 2019).
- According to research by Jackson-Stops, Margate saw some of the largest capital growth of all UK coastal towns within the last year.
- Residential property market in seaside towns is strong due to high demand from people buying holiday homes or simply wanting to live by the coast.

Turner Heights is located in the picturesque seaside town of Margate, no more than a 15 minute walk away from its beautiful beach front. Margate’s town centre and high street is practically on the doorstep of this development, where residents are in the perfect location to enjoy everything that this picturesque seaside town has to offer. Margate also offers plenty of amenities to enjoy such as the Turner Contemporary art gallery, Dreamland - a renovated retro theme park, the Winter Gardens and the Shell Grotto - a mysterious, shell-lined tunnel network. Then of course there is Margate’s beautiful sandy beach, offering incredible views and lots of seaside entertainment.


Disclaimer: These apartments are only available to be sold as a block of 5.

Interested in this property? Enquire today for more information

Key features

Key features

All apartments are tenanted for immediate income

Key features

A block of 5, 2-bedroom apartments

Key features

Fitted kitchens

Key features

En-suites

Key features

Allocated parking spaces

Key features

Shops and amenities nearby

Key features

20 minute walk to Margate train station

Key features

15 minute walk to the beach front

Key features

Popular coastal location

A SMALL BLOCK OF 2-BEDROOM APARTMENTS IN THE COASTAL TOWN OF MARGATE - A FANTASTIC INVESTMENT OPPORTUNITY - ALL 5 APARTMENTS ARE TENANTED!! More info...

This is a fantastic opportunity to invest in a small block of 2-bedroom apartments within the Turner Heights development in Margate. There are 5 incredible apartments which are situated on the ground, 1st and 3rd floor of the building. Offered unfurnished, these apartments comprise of bright and spacious living areas; modern fitted kitchens with appliances; 2 double bedrooms with en-suites for the master bedrooms; and 3-piece bathroom suites. Each of the 5 apartments benefit from an allocated parking space, as well as lift access and a secure entry system. These apartments are well presented throughout and coupled with an unbeatable location, this development is extremely popular with tenants.

Investment Highlights:
- All 5 of these apartments are tenanted on 6 month, rolling contracts.
- An overall NET yield of 4.02%
- Margate’s house prices have increased by 32.04% in the last 5 years (Zoopla, June 2019).
- According to research by Jackson-Stops, Margate saw some of the largest capital growth of all UK coastal towns within the last year.
- Residential property market in seaside towns is strong due to high demand from people buying holiday homes or simply wanting to live by the coast.

Turner Heights is located in the picturesque seaside town of Margate, no more than a 15 minute walk away from its beautiful beach front. Margate’s town centre and high street is practically on the doorstep of this development, where residents are in the perfect location to enjoy everything that this picturesque seaside town has to offer. Margate also offers plenty of amenities to enjoy such as the Turner Contemporary art gallery, Dreamland - a renovated retro theme park, the Winter Gardens and the Shell Grotto - a mysterious, shell-lined tunnel network. Then of course there is Margate’s beautiful sandy beach, offering incredible views and lots of seaside entertainment.


Disclaimer: These apartments are only available to be sold as a block of 5.

  • Key features
    Tick Desktop All apartments are tenanted for immediate income
    Tick Desktop A block of 5, 2-bedroom apartments
    Tick Desktop Fitted kitchens
    Tick Desktop En-suites
    Tick Desktop Allocated parking spaces
    Tick Desktop Shops and amenities nearby
    Tick Desktop 20 minute walk to Margate train station
    Tick Desktop 15 minute walk to the beach front
    Tick Desktop Popular coastal location
  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £37,500
Ground rent £500
Service charge £4,000
Lettings fees £1,875
Net income £31,125
Gross yield 4.84%
Net yield 4.02%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.