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2 bedroom property for sale in Margate

Price: £175,000

This Property is Markted By :

Synergiseuk
Abacus House, 14 – 18 Forest Road, Loughton, Essex, IG10 1DX

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Property Reference: 10000343


Full Property Description:

SynergiseUK are delighted to bring to the market for sale this 2 bedroom split level apartment which has just recently been refurbished throughout to a high standard, and offering in our opinion superb uninterrupted sea views.

Within this apartment you have 2 bedrooms overlooking the sea, with both having new decoration and carpets within. There is a good size lounge having new decoration and new carpets throughout. The separate white fitted kitchen, has been upgraded to include a new worktop to compliment the fitted units, new tiling, new decoration, new flooring and the added bonus of a brand new housed combination gas boiler under warranty for that extra piece of mind.

The property further has a bathroom with a new white three piece suite comprising of a panelled bath with shower and glass screen, low level flush WC, pedestal wash hand basin, having been tiled in places, new decoration and flooring throughout finishing off well.

There is the further added benefit of being on the top floor, with extra storage in the loft, a brand new fuse board, and knowing there is nothing to do with this property. Which is currently producing ?850pcm on a rent guaranteed on time basis, with this being able to transfer to the new owners if required for that extra piece of mind. and offering a current yield of over 5.25%. We understand from the owners that the freeholder is keen to sell for a knockdown price, with 2 other leaseholders looking to purchase. Which will add value to this property, remove the ground rent, and having a Share of The Freehold.

We have priced this property to sell, and with all that is on offer. This apartment is sure to attract a lot of interest, with its various uses as a potential holiday let/serviced accommodation and more, will not be around for long.



Communal Entrance
Via communal entrance leading to stairs up to apartment

Entrance
Via a wooden door with stairs leading to split level hallway

Hallway
UPVC Double Glazed window to side, new fuse board, access to loft with storage, entryphone, doors to all rooms.

Lounge - 14'1" (4.29m) x 11'5" (3.48m)
UPVC Double Glazed window to rear, new decoration and carpets throughout, radiator, power points.

Kitchen - 12'0" (3.66m) x 7'0" (2.13m)
UPVC Double Glazed window to side, range of white fitted wall and base units, roll edge work surfaces, sink unit with mixer taps, plumbing for washing machine, wall mounted housed brand new combination boiler with warranty, new tiling and decoration plus vinyl flooring throughout

Bedroom One - 11'10" (3.61m) x 8'1" (2.46m)
UPVC Double Glazed window with direct sea views, new decoration and carpets throughout, radiator, power points.

Bedroom Two - 9'7" (2.92m) x 7'0" (2.13m)
UPVC Double Glazed window with direct sea views, new decoration and carpets throughout, radiator, power points.

Bathroom
Three Piece White Suite comprising of a brand new panelled bath, low level flush/WC, pedestal wash hand basin, new decoration, tiling and vinyl flooring throughout.



Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Council Tax
Thanet District Council, Band C

Service Charge
?1,000.00 Yearly

Lease Length
106 Years


Property Features:

  • INVESTOR ALERT!!!
  • 2 Bedroom Split Level Apartment
  • Currently Rented on a Guaranteed Rent Basis at ?850pcm
  • New Decoration and Flooring Throughout
  • Brand New Gas Boiler and Brand New Fuse Board
  • Lounge
  • White Fitted Kitchen
  • Bathroom/WC
  • Rental Yield in Excess of 5.25%
  • No Onward Chain

Property Brochure:

Click link below to see the Property Brochure:

Energy Performance Certificates (EPC):



Floorplans:

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Agent Contact details:

Company: Synergiseuk
Address: Abacus House, 14 – 18 Forest Road, Loughton, Essex, IG10 1DX
Telephone:
Click to Show Agents number
Website: http://www.synergiseuk.co.uk

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