10 bedroom block of flats for sale

£2,500,000
Add to favorites
Beds: 10
Baths: 10
Fitzroy Avenue, Broadstairs CT10 See map

REF : SASAM

OPEN HOUSE SUNDAY – 12th MARCH’23

GET IN TOUCH TO BOOK AN APPOINTMENT

PLEASE SEE OUR DETAILED WALK-THROUGH VIDEO ATTACHED

OCEAN VIEW DEVELOPMENT :

SELECTION OF 5 LUXURY TWO BEDROOM APARTMENTS WITH SEA VIEWS ON OFFER :

Flat 1) 2 beds / 2 bath with patio 882 SQFT / 82 SqM

Flat 2) 2 beds / 2 bath front and rear patios 948 SQFT / 88 SQM

Flat 3) 2 beds / 2 bath 2x terrace 970 SQFT / 90 SQM

Flat 4) 2 beds / 2 bath 948 SQFT / 88 SQM

Penthouse 2 beds / 3 bath 2 x Terraces & Juliet Balcony 1,459 SQFT / 136 SQM

2 Parking space for each flat ( 10 in total )

TOTAL: 5207 SQFT / 484 SQM

WHY INVEST IN KINGSGATE, BROADSTAIRS

One of the main draws of Kinsgate is its proximity to the sea, which attracts many visitors and potential renters during the summer months. The town is also home to a number of popular tourist attractions, such as the Viking Bay beach and the Charles Dickens Museum, which further increase the area’s appeal to visitors.

The local economy is another factor that makes Kinsgate an attractive option for property investment. The town is home to a number of small businesses, including restaurants, cafes, and shops, which provide a steady stream of customers and renters for local properties. Additionally, the nearby city of Margate is undergoing a significant regeneration project, which is expected to bring even more economic growth to the area in the coming years.

Furthermore, due to the popularity of the area, rental yields in Kinsgate are higher than in many other parts of the country. The demand for rental properties is high, particularly during the summer months, which means that landlords can expect to earn a healthy return on their investment. According to Rightmove average yields are around 5.5%

HOLIDAY HOME

Owning a holiday home can come with a variety of tax benefits. Some of the main advantages include:

Rental income: If you rent out your holiday home, the rental income you earn is subject to income tax, but you can also claim expenses such as mortgage interest, repairs and maintenance as deductions.

Capital gains tax: If you sell your holiday home, you may be eligible for a capital gains tax (CGT) discount. The CGT discount for individuals is currently 50% for assets held for more than 12 months.

Depreciation: As a holiday home owner, you can claim depreciation on the building and any fixtures and fittings, such as appliances and furniture.

Negative gearing: If your holiday home is negatively geared, you can claim the loss against your other income, which can help to reduce your overall tax bill.

GST: If you rent out your holiday home, you may be eligible to register for GST and claim back the GST included in your expenses.

It’s important to note that tax laws and regulations regarding holiday homes are subject to change, so it’s always a good idea to consult with a tax professional before making a decision to purchase a holiday home.

CONCLUSION

In conclusion, Kinsgate offers a unique combination of scenic coastal setting, strong local economy, and high rental yields, making it an ideal location for property investment. With the potential of future developments and the proximity to major cities like London, it is a great opportunity for investors

SPECIFICATION :

Kitchens

High end fully fitted kitchen with touch push openers and closures

White stone worktops with under hung sink and grooved drainer detail

Integrated fridge freezer, washing machine and dishwasher

German fully fitted appliances throughout including oven, induction hob and microwave

Led pelmet under cupboard lighting

Bathrooms

High quality bathroom suite and wall hung toilet and glass top finish vanity units.

Thermostatic shower mixer with rainfall shower head and flexible hose and additional head

Underfloor heating with additional separate controlled chrome towel warmer.

Wall hung mirror with sensor controlled lighting and built in de-mist.

White stone shelving finish above vanity and hide away cistern.

Fully tiled flooring and half tiled bathroom wall finish.

Motion sensor lighting concealed under vanity for back ground lighting at night.

Heating and Hot Water

Heating and hot water served by Eco air-source pump energy saving system with high

recovery storage hot water units.

The underfloor heating system to each individual apartment has their own zone area

separate controls.

Air source units sited and located in the outer hardwood slatted storage/bike and bin store building.

Balcony Balustrade

The balconies are fitted and finished with coastal stainless steel fixture and fittings included toughened secure glass units.

All decking systems are anti-corrosive and coastal recommended for safety.

Apartment Floor Finish

All apartments have been fitted out with European oak engineered flooring comparable with

the underfloor heating system.

The oak finished engineered flooring is durable and suitable for the kitchens, hallway and bedroom areas.

Intercom and Entry System

All apartments are fitted with visual entry intercom system including trade access and coded

keypad entry.

Communal Service Lift

The communal lift is a Eco Ideal low energy single phase lift with all communication buttons and controls as requirements.

Communal Stair and Lobby Areas

The complete stair areas are fitted with motion sensor lighting to all elevations with fully fitted

carpet and chrome handrail to the stair elevations.

Mail Box

There are 5 lockable mail boxes to serve each apartment located on the ground floor lobby area.

Post delivery will have access to the lobby using coded entry to put place mail in each individual allocated post box.

Car Park Area

Car park entrance sliding gate is remote controlled by key fob provided for both entry and exit.

There are 2 allocated parking bays for each apartment with marked out line areas.

Each apartment has a electrical supply terminated by each pair of marked bays for optional

electric car charge bollard point installation.

(The optional car charge bollard can be installed for additional charge 2000.00)

Landscape and Gardens

The garden areas are laid to lawn with also grey shingle stone bedding, kerb and planting around the apartment boundary areas.

Secure estate fencing to the rear gardens and side elevation of the building with the existing protected flint wall finish to the front and side elevation.

There are a number of low energy bollard lighting positioned around all paths and to the car park areas served by a dust to dawn sensor devise.

Bike and Bin Stores

Located to the rear of the building next to the car park area is the Galvanised frame with slatted hardwood cladding storage building. This is to serve the wheelie bin and bike storage for all apartments including secured locking.

Keys will be provided to all apartments.

Mobility Slopes and Access

Allowance has been made for slope access to all areas around the building from the car park

through to the inside of the entrance lobby area.

New Build Ten Year Warranty

There will be a 10 year warranty new build certificate provided to all new occupiers

Listed: February 18, 2023
Views: 289
ID: 24087840

Share:

Finance Calculator
Price *
Interest Rate *
Period (months)
Down Payment
£
Monthly Payment -
Total Interest -
Total Payments -
Member since 1 year
Ground floor Suite
442 * * * * * * * * *
(Reveal)
Send a message
Add to favorites
© 2023 MillionPlus.com Limited. All rights reserved.
© 2023 MillionPlus.com Limited. All rights reserved.