From
£70,000
1 bed flat for saleThe Passage, Margate CT9
1 bed
- Auction
Savills - National Auctions
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About this property
To be offered on Tuesday 27 February
Subject to an Assured Shorthold Tenancy
Currently producing £6,780 p.a.
Approximately 495 sq ft (46 sq m)
Private Gated Development
Close to Margate old town, Margate rail station and Margate Beach.
Guide price reflects an niy of 9.68%
Strapline
Auction Sale - 27/02/2024
Of interest to investors. Self contained leasehold first floor flat in Margate. Currently producing £6,780 p.a.
Description
A one bedroom self contained flat currently let and producing £6,780 per annum.
The property comprises an open plan reception room/kitchen. Bedroom, bathroom and balcony.
The property is located on Sea Court, The Passage which runs off the east side of Zion Place (B2055) and close to the Margate seafront. Margate old town is less than 0.5 miles away and provides an extensive range of shops and local amenities.
Transport
- Margate station is approximately 1 mile away and provides regular services to London's Victoria and St Pancras International stations.
- The A28 is within easy reach and provides access to the A2 and the M2 motorway.
Accommodation
Open plan Reception Room/Kitchen through to Balcony, Bedroom, Bathroom/WC• Lease with approximately 107 years remaining - 495 sq ft (46 sq m)