Granville Road, Broadstairs

Property Details: • Type: Flat • Tenure: N/A • Floor Area: N/A

Key Features: • Freehold block of flats • Four flats in total • 2 x 2 bedrooms • 2 x 3 bedrooms • Ready made investment • Off street parking for all • Single garage included • Potential income of £73,800 pa • Immediate income • Call to view

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 56 High Street, Broadstairs, CT10 1JT

Full Description: Cooke & Co are thrilled to present this exceptional investment opportunity: a freehold block of flats situated in the heart of Broadstairs, just steps from the seafront and offering breathtaking panoramic sea views.This impressive block comprises four flats, each benefiting from stunning sea views. Flat 1, located on the lower ground floor, is a two-bedroom property with its own private entrance. Flat 2 is a two-bedroom flat situated on the upper ground floor. Flat 3, positioned on the first floor, is a spacious three-bedroom flat featuring a balcony, perfect for enjoying the coastal scenery. Flat 4, located on the second floor, is another three-bedroom flat, completing this well-designed block.The property also includes a private car park area, offering valuable convenience for residents, as well as a garage exclusively allocated to Flat 3. Furthermore, with modernisation carried out to each individual unit, the annual rental income is estimated to reach approximately £73,800, which with an asking price of £1.3 million would provide an attractive yield of 5.6%. This would make it an exceptional prospect for investors seeking long-term returns.Positioned in the highly sought-after central Broadstairs area, this property is perfectly located for tenants and holidaymakers alike. We anticipate significant interest in this rare opportunity. Contact Cooke & Co today to arrange a viewing and secure this outstanding asset.Flat OneThis is a two bedroom flat and is inclusive of its own private entrance and is located on the lower ground floor with partial sea views. It has a separate kitchen and open plan lounge/diner area. The previous tenants paid £1,150 pcm. If the property was made into modern condition throughout the current rental market value would be approximately £1,500 pcm. The total square footage of this property is approximately 1,205 SQFT.-Hallway- 37'09 x 5'11-Bedroom One- 13'09 x 13'09-En-Suite- 5'10 x 5'09-Lounge/Diner- 16'09 x 13'10-Bedroom Two- 15'08 x 13'10-Bathroom- 8'01 x 5'09-Kitchen- 13'0 x 11'10Flat TwoThis is a two bedroom flat and is accessible via the main building and is based on the upper ground floor level. It has sea views and has a separate kitchen and open plan lounge/diner area. The previous tenants paid £850 pcm. If the property was made into modern condition throughout the current marker rental value would be approximately £1500 pcm. The total square footage of this property is 1,162 SQFT.-Hallway-Bedroom One- 13'09 x 13'09-En-Suite- 5'07 x 4'06-Kitchen- 13'0 x 8'05-Bathroom- 11'04 x 5'09-Bedroom Two- 15'09 x 13'09-Lounge/Diner- 13'11 x 16'09Flat ThreeThis is a 3 bedroom flat and is accessible via the main building and is based on the first floor level. It has panoramic sea views and access to a balcony which looks over Broadstairs harbour. The previous tenants paid £1100 pcm. If the property was made into modern condition throughout the current market value would be approximately £1600 pcm. The total square footage of this property is 1,173 SQFT.-Hallway-Bedroom One- 14'06 x 13'10-En-Suite- 5'09 x 5'01-Kitchen- 11'10 x 8'04-Bedroom Two- 13'01 x 13'01-Bedroom Three- 9'08 x 5'10-Lounge/Diner- 16'08 x 13'10-BalconyFlat FourThis a 3 bedroom flat and it is accessible via the main building and is based on second floor level. It has panoramic sea views. The previous tenants paid £900 pcm. If the property was made into modern condition throughout the current market value would be approximately £1550 pcm. The total square footage of this property is 1,130 SQFT. -Hallway-Kitchen- 12'03 x 8'04-Bathroom- 8'11 x 4'03-Bedroom Two- 14'02 x 14'03-Bedroom Three-11'01 x 8'11-Lounge/Diner-17'02 x 11'11-Bedroom One- 16'03 x 12'0En-Suite- 8'10 x 5'05Storage Room-6'07 x 4'07Car ParkNon-allocated parking for up to three vehicles on first come first serve basis.GarageThis is allocated to flat three and provides a good use of storage capacity/off road parking for one vehicle.Agents NotesPlease be advised that all of the flats are on separate gas meters, electric meters and council tax bands etc. Please also be advised there are EPC's for each apartment available upon request. The predicted annual income if all flats were in modern condition throughout could be approximately £73,800 in the current market.BrochuresFull Property Details