St. Peters Road, Margate

Situated on St. Peters Road in Margate, this property presents a compelling investment opportunity with three self-contained flats currently generating a rental yield exceeding 7%. All flats are tenanted, providing a seamless transition for investors looking for a turnkey option. The location is advantageous, being within close proximity to Margate town centre, sandy beaches, and essential local amenities. Notably, it's only 0.6 miles from QEQM Hospital and 0.9 miles from Margate Train Station. Originally designed as four self-contained flats, you now have the chance to acquire three of them: 1) A one-bedroom lower ground floor flat featuring a courtyard garden; 2) A one-bedroom first-floor flat that includes an extra storage room which could serve as a study or additional living space; and 3) A one-bedroom second-floor flat with loft access that holds potential for conversion into another bedroom (subject to planning approvals). Additionally, there is scope to expand or further develop the property to maximize its investment potential, pending appropriate planning permissions. With an annual rental income currently at £25,500 and opportunities for rent review and increase, this is a valuable proposition for any savvy investor. There is also flexibility in purchasing any combination of the available flats while they last.