Endcliffe House, Lewis Crescent, Margate, Kent.

1

29 Apartments.

2 Bedrooms.

Available with en-suite.

Apartments with Uninterrupted sea views.

With or without complete refurbishment.

£167,500 - £245,000

Location - 3

Apartments - 4

Pricing Schedule - 5

Why invest in Margate? – 6

2

Endcliffe House is situated on the site of the former Endcliffe Hall Hotel, Eastern Esplanade, Margate. .

Converted in 2008 the building now comprises 29 two bedroom apartments with a sea facing aspect.

3

The location.

For the commuter there are bus routes into Margate and Broadstairs and Margate Train Station offers a direct line to London St Pancras.

Lewis Crescent is a sea facing cliff top location situated

between Old Town Margate and Palm Bay.

Sandy beaches including Walpole bay are just a few

minutes walk away and Palm Bay Primary School is

within a few hundred yards.

4

The apartments.

Improvements will be carried out to the exterior and communal of the building during 2018.

The apartments are available in their current standard internal condition, as pictured above,

OrRe-furbished to a high standard as examples pictured below.

Pricing Schedule

Please note, the above prices are based on today’s market activity in advance of a possible sale. They do not constitute a formal valuation.

5

Lease: 125 years.

Ground rent and maintenance: TBC

Lewis Crescent

No Location Type sq m sq ft Price

Non - refurbed

Price - £20k Rental value Annual Rent

Potential

Rental Yield

1 Lower Ground floor / Bay window Flat / 2 Bed / 1 Bath / Garden 43 53 465 197500 177500 700 8400 4.73%

2 Lower Ground floor / Bay window Flat / 2 Bed / 1 Bath / Garden 50 54 536 200000 180000 700 8400 4.67%

3 Lower Ground floor / Rear Flat / 2 Bed / 1 Bath / Garden 51 53 550 187500 167500 700 8400 5.01%

16 Lower Ground floor / Turret Flat / 2 Bed / 1 Bath / Garden 60 64 650 240000 220000 795 9540 4.34%

17 Lower Ground floor Flat / 3 Bed / 2 Bath Garden 67 720 230000 210000 825 9900 4.71%

26 Ground floor / Sea view Flat / 2 Bed / 1 Bath 46 491 192500 172500 625 7500 4.35%

19 Ground floor / Sea view Flat / 2 Bed / 1 Bath 47 504 195000 175000 725 8700 4.97%

18 Ground floor / Sea view / Turret Flat / 2 Bed / 2 Bath 60 650 240000 220000 795 9540 4.34%

5 Ground floor / Sea view Flat / 2 Bed / 1 Bath 50 53 536 200000 180000 700 8400 4.67%

4 Ground floor / Sea view Flat / 2 Bed / 1 Bath 43 53 465 190000 170000 700 8400 4.94%

6 Ground floor / Rear Flat / 2 Bed / 1 Bath 51 53 550 195000 175000 700 8400 4.80%

27 First floor / Sea view Flat / 2 Bed / 1 Bath 46 491 192500 172500 625 7500 4.35%

21 First floor / Sea view Flat / 2 Bed / 1 Bath 47 504 195000 175000 725 8700 4.97%

20 Second floor / Sea view / Turret Flat / 2 Bed / 2 Bath / Balcony 60 650 250000 230000 750 9000 3.91%

8 First floor / Sea view Flat / 2 Bed / 1 Bath / Balcony 49 530 205000 185000 725 8700 4.70%

7 First floor / Sea view Flat / 2 Bed / 1 Bath / Balcony 51 544 205000 185000 725 8700 4.70%

9 First floor / Rear Flat / 2 Bed / 1 Bath 51 550 195000 175000 750 9000 5.14%

28 Second floor / Sea view Flat / 2 Bed / 1 Bath 46 491 192500 172500 625 7500 4.35%

23 Second floor / Sea view Flat / 2 Bed / 1 Bath 47 504 195000 175000 725 8700 4.97%

22 Second floor / Sea view / Turret Flat / 2 Bed / 2 Bath 60 646 250000 230000 745 8940 3.89%

10 Second floor / Sea view Flat / 2 Bed / 1 Bath 51 544 200000 180000 725 8700 4.83%

11 Second floor / Sea view Flat / 2 Bed / 1 Bath 49 530 195000 175000 725 8700 4.97%

12 Second / Rear Flat / 2 Bed / 1 Bath 51 550 195000 175000 700 8400 4.80%

13 Third floor / Sea view Flat / 2 Bed / 1 Bath 51 544 197500 177500 725 8700 4.90%

14 Third floor / Sea view Flat / 2 Bed / 1 Bath 45 486 190000 170000 700 8400 4.94%

15 Third floor / Rear Flat / 2 Bed / 1 Bath 51 550 195000 175000 725 8700 4.97%

24 Second floor / Rear / Turret Flat / 2 Bed / 2 Bath 60 646 230000 210000 745 8940 4.26%

25 Third floor / Sea view Flat / 2 Bed / 1 Bath 46 491 190000 170000 625 7500 4.41%

29 Third floor / Sea view Flat / 2 Bed / 1 Bath 41 440 185000 165000 600 7200 4.36%

6

The town of Margate is fast becoming the place to live and invest with many people moving in from out of the area and commuting to work. In some areas of Margate property prices have increased by 30% during the last 2 years*.

*Based on sales achieved by xpertagents.

Margate has seen a resurgence in the last two years and now has much to offer including the Turner Centre, Dreamland music venue and amusement park, sandy beaches and a variety of restaurants, bars and the charming and rejuvenated Old Town with its art galleries cafés and boutiques.

Daily Mail – 2017“ How the English seaside town became THE hipster destination for 2016Margate beat Sandbanks and Whitby to win Best British seaside town titleIt's a big turnaround for a town that became very run down in recent yearsNow the area has become a hotspot for hipsters and fun-seekers”

Forget the Spice Girls and Boris Johnson, the most exciting comeback of the year has got to go to Margate, the once dilapidated beach destination that has just been crowned the 'Best British seaside town.'

Why invest in Margate.