4 bedroom block of apartments for sale
Key information
Property description & features
- Tenure: Freehold
- Calling all investors
- GUIDE PRICE £350,000 to £400,000
- Freehold investment opportunity
- Block of 4 flats with land and garage to rear
- Income of £27,645.84 per annum
- 7% Yield
CALLING ALL INVESTORS | Freehold investment opportunity; block of 4 flats with land and garage to rear in Ramsgate
GUIDE PRICE £350,000 to £400,000 -
Exclusive investment opportunity to acquire a freehold, fully occupied block of 4 flats, land and garage to rear with a reliable and regular income of £27,645.84 per annum representing a yield of around 7%.
We believe there is huge potential to increase the rental income and overall valuation on this block after some works or for conversion back into a single dwelling house.
COMPARABLE -
House - 3, Clarendon Gardens, Ramsgate, Kent CT11 9BA sold in August 2023 for £670,000 - .( ... ).co.uk/house-prices/details/england-39136559-19175611?s=70b784d8789c4248b1c98685b5aafcd1fbe1436f87108176b4fc7554b72bd845#/
COMPARABLE -
Block of 3 flats - 94 Canterbury Road, Margate, CT9 5DF sold in May 2024 for £310,000 -
Ramsgate is a friendly and popular Kentish seaside town with spectacular sandy beaches and a laidback vibe. The coastline faces South with its Royal Harbour and stunning Marina, Ramsgate has a thriving café culture and plenty of restaurants, shops, galleries and places of interest to visit. There are a number of well-regarded schools including grammar schools. The train station has regular and high-speed services to London and the town is well connected for road commuters also.
For further details or to arrange a viewing contact Alexander Russell Estate Agents by telephone, email or find us on social media. Alternatively, you can also get in touch via our website: alexander-russell.co.uk
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LOWER GROUND FLOOR
| Flat 1 -
Hallway
Cellar - 4.32m x 1.83m (14'2" x 6'0")
Bedroom - 4.19m x 3.84m (13'9" x 12'7") into bay and alcove
Living Room - 4.78m x 3.73m (15'8" x 12'3")
Kitchen - 4.17m x 2.57m (13'8" x 8'5")
Shower Room - 3.38m x 2.06m (11'1" x 6'9")
UPPER GROUND FLOOR
Entrance Hallway
| Flat 2 -
Inner Hallway
Living Room - 3.76m x 3.76m (12'4" x 12'4") into alcove, excl. bay
Bedroom - 3.58m x 3.2m (11'9" x 10'6")
Shower and WC
Kitchen - 2.36m x 2.06m (7'9" x 6'9")
FIRST FLOOR
Half Landing
Laundry Room - 2.06m x 2.03m (6'9" x 6'8") [incl. with Flat 3]
Balcony
Landing
| Flat 3 -
Bed/ Sitting Room - 4.93m x 3.68m (16'2" x 12'1") into alcove
Kitchen - 3.68m x 3.18m (12'1" x 10'5") maximum
Shower Room - 2.34m x 0.91m (7'8" x 3'0")
SECOND FLOOR
| Flat 4 -
Half Landing
Shower Room - 1.96m x 1.96m (6'5" x 6'5")
Landing
Living Room - 4.44m x 2.03m (14'7" x 6'8")
Bedroom - 3.53m x 2.44m (11'7" x 8'0")
Kitchen - 2.74m x 2.39m (9'0" x 7'10")
EXTERNAL
Garden
Garage - 5.61m x 3.3m (18'5" x 10'10")
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TENURE -
Freehold
COUNCIL TAX -
Thanet District Council
All Flats - Band A (£1,537.10 PA)
EPC RATING -
Flat 1 - 70 | C
Flat 2 - 59 | D
Flat 3 - 68 | D
Flat 4 - 40 | E
SERVICES -
All mains services connected to the building
HEATING -
Gas Central Heating (Flat 1 only)
Electric Storage Radiators
BROADBAND -
ADSL and FTTC available
Ultrafast Full Fibre Broadband not yet available
LISTED BUILDING -
No
CONSERVATION AREA -
Yes; Ramsgate Conservation Area
PARKING -
Off Road Parking to the front
Garage to the rear
OUTSIDE SPACE -
Rear garden
RESTRICTIONS -
To the best of our knowledge, there are no restrictions. However, we strongly recommend verifying this information with your legal representative.
RIGHTS AND EASEMENTS -
Excerpted from the title register: The land has the benefit of a right of way on foot over the passageway leading from the back into Clarendon Gardens.
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AGENTS NOTE - In Compliance with the Consumer Protection from Unfair Trading Regulations 2008 we have prepared these sales particulars as a general guide to give a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floorplans and distances referred to are given as a guide and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Room measurements are maximum unless otherwise stated. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts.
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Broadband availability and predicted speed: obtained from Ofcom on March 13, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on March 13, 2022
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Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area
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