14 bed flat for sale

Cuthbert Road, Westgate-On-Sea, Kent CT8

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!

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%.