5 bed flat for sale

Crescent Road, Ramsgate, Kent CT11

Freehold block of flats with an immediate income!
If you are looking for a ready-made investment in a centralised location then this block of two fantastic flats in Crescent Road, Ramsgate would be a perfect match to add to your portfolio!
Being sold as an ongoing, ready-made investment this freehold block of two spacious flats has plenty to offer any investor.
The first flat is situated on the lower ground floor and consists of one double bedroom, an open planning living / kitchen area, a shower room and a private outside decking area. The second flat is a substantial property with a total of four double bedrooms and is spread out over three floors. On the ground floor you will find your snug / lounge room, followed by a separate kitchen, utility room and downstairs W/C. To the first floor you will find two double bedrooms, a built-in storage cupboard and two-family bathrooms. On the top floor you will find the final two double bedrooms.
The potential annual income of this block is circa £22,500 if the current rents were reviewed by the future owner, to provide a higher return. If the current rents were increased to the current market value, then at the current asking price this investment would yield around 5%.
If you would like any further information or would like to book your accompanied viewing, please get in touch by visiting our website or calling us today!

Basement Flat

One bedroom lower ground floor apartment with private entrance and access to private decking area. This tenant is currently paying £480 pcm however we have been advised by our lettings team that the monthly rent could be increased to £675 pcm.

Private Entrance

Via UPVC door into;

Porch Area

Carpeted throughout. Storage cupboard.

Lounge/Diner (16'0 x 15'06 (4.88m x 4.72m))

Bay window to front. Carpeted throughout. TV point. Radiator. Skirting. Electric fire. Power points.

Hallway

Carpeted throughout. Skirting.

Bedroom (12'01 x 9'02 (3.68m x 2.79m))

Windows to rear. Radiator. Carpeted throughout. Skirting. Power points.

Kitchen (10'06 x 5'07 (3.2m x 1.7m))

Matching array of wall and base units with complimentary work surfaces. Stainless steel sink with mixer taps. Space and plumbing for washing machine. Space for fridge/freezer. Integrated oven and four burner induction hob. Vinyl flooring. Power points. Patio door with access to rear garden.

Shower Room (5'01 x 7'09 (1.55m x 2.36m))

Window to side. Low level W/C. Walk in shower. Sink with mixer taps. Storage cupboard. Vinyl flooring.

Rear Garden

Decked throughout.

Second Flat

Four bedroom maisonette with its own private entrance and private rear garden. The current tenant is paying £900 pcm however we have been advised by our lettings team that this could be increased to £1,200 pcm.

Private Entrance

Via UPVC door into;

Porch Area

Leading to;

Hallway

Arch way feature. Carpeted throughout. Skirting and coving. Radiator. Under stair storage cupboard.

Lounge (15'11 x 12'03 (4.85m x 3.73m))

Bay window to front. Carpeted throughout. Power points. Skirting. Power points. TV point.

Kitchen/Diner (13'02 x 10'03 (4.01m x 3.12m))

Windows to rear. Matching array of wall and base units with complimentary work surfaces. Tiled splash backs. Vinyl flooring. Integrated oven with four burner induction hob. Stainless steel sink with mixer taps. Space for dish washer. Power points.

Utility Room (7'10 x 7'07 (2.39m x 2.31m))

Space and plumbing for washing machine. Space for tumble dryer. Stainless steel sink with mixer taps. Radiator. Power points. Vinyl flooring. Door with access to rear garden.

Downstairs Toilet (4'09 x 4'03 (1.45m x 1.3m))

Low level W/C. Vinyl flooring. Sink with mixer taps.

Stairs To First Floor

Carpeted stairs leading to;

Shower Room (8'07 x 4'11 (2.62m x 1.5m))

Windows to rear. Walk in shower. Low level W/C. Heated chrome towel rail. Vinyl flooring.

Family Bathroom (8'06 x 7'0 (2.59m x 2.13m))

Windows to rear. Low level W/C. Bath with mixer taps. Sink with mixer taps. Vinyl flooring. Skirting.

Bedroom (13'0 x 6'09 (3.96m x 2.06m))

Windows to front. Carpeted throughout. Power points. Radiator. Skirting.

Bedroom (12'09 x 6'07 (3.89m x 2.01m))

Windows to front. Carpeted throughout. Power points. Radiator. Skirting.

Stairs To Second Floor

Carpeted stairs leading to;

Bedroom (12'10 x 10'02 (3.91m x 3.1m))

Windows to rear. Carpeted throughout. Power points. Radiator. Skirting.

Primary Bedroom (12'08 x 16'01 (3.86m x 4.9m))

Windows to front. Carpeted throughout. Power points. Radiator. Skirting.

Rear Garden

Decked throughout.

Agents Notes

Please be advised there are individual EPC's for each flat available at request.