Income-producing Georgian terrace with conversion upside and immediate rental yield.
Freehold sale of three leasehold flats, tenants in situ
A compact Georgian terraced block in the heart of Broadstairs, offered as the freehold of three leasehold apartments with tenants in situ. Currently producing an estimated 6% rental yield, the property presents immediate income for a hands-on investor or landlord.
Arranged over four levels, the lower ground and ground floors form one two-bedroom apartment with character bay windows and a three-piece bathroom; the upper floors contain two further one-bedroom apartments, one recently redecorated with a new kitchen and en-suite. There is clear potential to increase income: the lower ground and ground floors could be reconfigured into two separate flats, subject to planning permission.
Key positives include central town location, strong local rental demand, fast broadband and excellent mobile signal. Material considerations: the block is small overall, sold with tenants in place (management obligations and tenancy transfers apply), and conversion requires planning consent. The surrounding area has higher deprivation indicators, so factor tenant mix and lettings risk into income projections.
This is best suited to an investor or small property business seeking an income-producing asset with short-term improvement potential and modest capital upside from a permitted conversion and active management.
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