14 Bedroom Apartment For Sale At Cuthbert Road Westgate On Sea Kent : £700,000

About this apartment

Rarely available! Cooke and Co are delighted to offer for sale this unique investment opportunity. This substantial detached Period property currently offers an existing income of £54,600 from four self contained flats.

Its worth noting that the ground floor .apartment previously had permission to convert into two separate flats , although this has now lapsed. The ground floor flat currently has five bedrooms, its own entrance, garden and parking. The other three flats are all three bedrooms and are extremely spacious.

Being located on a corner plot and in a residential location close to the shops and restaurants in Westgate this is an ideal purchase for any discerning investor. Call us today to find out more!

Key features

Development Opportunity
Currently Four Flats
Council Tax Band: All A
Substantial Plot
Detached Property
Off Street Parking
Sought After Location
EPC Rating: C,E,D,D
Freehold

Rooms

Flat 1

Flat - Three Bedroom First Floor Flat (80sqm) £1050PCM Rooms unmeasured

Flat 2

Flat 2 - Three Bedroom First Floor Flat (73sqm) £1050PCM Entrance Hallway Kitchen 11'0 x 6'2 Lounge 13'7 x 10'0 Bedroom 9'6 x 9'5 Bedroom 15'1 x 12'1 Bedroom 11'7 x 7'2 Bathroom

Flat 3

Flat 3 - Three Bedroom Second Floor Flat (81sqm) £1200PCM Entrance Hallway Kitchen 9'0 x 8'8 Bedroom 12'0 x 9'5 Bedroom 10'4 x 10'9 Bedroom Bathroom Cloakroom Lounge 15'1 x 13'1

Flat 4

Flat 4 - Ground Floor Five Bedroom Flat (181sqm) Flat £1250PCM Own entrance Driveway Private large garden Hallway Lounge 19'6 x 14'6 Dining room 15'0 x 14'1 Bedroom 14'7 x 12'6 Bathroom Bedroom 13'1 x 10'4 Kitchen 15'8 x 12'0 Utility room Bedroom 14'2 x 12'8 Shower room Cloakroom Bedroom 9'0 x 8'8 Bedroom 12'1 x 6'3

EPC's

The EPC attached to this property listing relates to the ground floor flat. For other EPC's for ther other three flats please contact Cooke and Co

Agents Notes

The property is currently achieving approximately £54,600 PA in rent which equates to a gross yield of 7.8%. The vendor informs us that the ground floor flat did have planning to be split into two separate units although we understand this has now lapsed.

Communal Grounds

Communal gardens surrounding the property on three sides. Extensive lawned area with paved areas and sectioned garden for Flat 4. Off Street parking for several cars to the front of Flat 4. Please note that tree preservation orders are in place within the grounds.

Rents

Please be advised that the current annual rent for the block comes in at £54,600 giving an approximate gross yield of 7.8%.

Floor plan

Location

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Energy performance

Current

C 70out of 100

Potential

C 80out of 100

The energy efficiency rating is a measure of the overall efficiency of a home. The higher the rating, the more energy efficient the home is and the lower the fuel bills are likely to be.