GROSS RENT / YIELD
£6,600 / 5.5%
NET RENT / YIELD
£4,841 / 4.0%
1 reception room
Length of lease: 125 years from 25 December 2006
Service charge: TBC
Ground rent: TBC
Documents available on request, please contact for viewings or further questions.
The information relating to the property is supplied by the vendor and the latest available at the date of listing.
Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.
GROSS RENT PER ANNUM
GROSS RENTAL YIELD
NET RENT PER ANNUM
NET RENTAL YIELD
FULLY MANAGED OPERATING COSTS
Click to understand assumptions.
Profit & Growth
ANNUAL (PRE-TAX) PROFIT
Click to understand assumptions.
HPI GROWTH (PREV 5 YRS)
This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.
Margate is a seaside town in the county of Kent. This town is situated 15 miles north-east of Canterbury, 43 miles east of Maidstone and 73 miles east of London.
This area is serviced by Margate railway station which is managed by Southeastern. This station acts as the terminus of the Ashford to Ramsgate Line and the London to Margate via Ashford Line. Southeatern operates 1 train per hour (tph) to London St Pancras via Chatham, 1 tph to London St Pancras via Ramsgate, Dover Priory and Ashford International, 1 tph to London St Pancras via Canterbury West, 1 tph to London Victoria via Chatham and Bromley South and another 1 tph to Ramsgate.
There are some shopping options in town based around The Bay in the town centre where one can find the College Square Shopping Centre which has a selection of national favourites and shops to cater to visiting tourists. Due to the tourism industry there is a number of attractions in town such as the Dreamland Amusement Park, The Scenic Railway and a Shell Grotto.
As Margate Is a seaside town the economy of the town is largely based around the tourism industry which has drawn Londoners and other visitors to its sandy beaches for over 250 years. The town also has a relatively high number of workers in construction, hotels & restaurants and health & social care industries. Big employers in town that hire hundreds of people in the local area include PA Crocker and Reliable Contractors.
This location could be ideal for young families seeking local schooling options for their children that is in within walking distance. Some of the primary schools in the town are Palm Bay Primary School, Draper Mills Primary School and Cliftonville Primary School. For those looking for secondary schools options in the area there is Hartsdown Academy which includes a sixth form also.
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