Available
Westgate-on-Sea – Residential Block
Tower House, 125 Canterbury Road, Westgate-on-Sea, Kent CT8 8NWFreehold Residential Block Investment
Price
POA
Rent P.A.
Vacant
Yield
POA
Tenure
Freehold
Lease Term
Vacant
Area
27,448 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises a unique development of twelve luxury apartments and one luxury cottage
- Grade II listed building
- The winner of the International Property Awards 2020 for residential redevelopment in Kent
- Gated development with allocated parking, communal gardens, lift & gymnasium.
- Ideal for high end serviced accommodation/ residential training centre, being located next to St. Augustine`s events venue.
- Significant capital allowance for commercial use subject to survey.
- Low stamp duty as multiple dwellings, especially purchased before April 2021.
- Further development potential
- Located in predominantly residential area close to Westgate-on-Sea train station, Westgate & Birchington Golf Club, Westgate Library and Chartfield School.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises a unique development of twelve luxury apartments and one luxury cottage within a Grade II listed site dating back to the 1870’s, comprising over 2,550 sq m (27,448 sq ft). All the apartments benefit from beautifully appointed communal areas including a grand entrance hall, lift to all floors, gated allocated parking, resident gymnasium and communal gardens.
Tenancy Description
The property is currently vacant.
Location Description
Westgate-on-Sea is a seaside town and civil parish in north-east Kent, England. The town benefits from a good selection of schools and its mainline railway station offers direct links to London, Victoria and St. Pancras. The A28 road runs between Hastings and Margate via Ashford, Canterbury, Birchington and Westgate-on-Sea. 4 miles (6 km) southwest of Westgate-on-Sea, the A28 crosses the A299 road, which leads along North Kent towards London, becoming the M2 motorway at Faversham. The stunning coastline offers a great selection of recreational activities which include sailing, cycling and golf and the beautiful West Bay boasts some of the UK’s most stunning sunsets. The property is located in predominantly residential area close to Westgate-on-Sea train station, Westgate & Birchington Golf Club, Westgate Library and Chartfield School.
