6 bedroom block of apartments for sale

Tenure: Freehold

A Victorian/Edwardian style detached property which has been converted into four self contained flats located towards the outskirts of the town, close to a convenience store and within a few hundred yards walk of the Cliff Path and Beach.

The flat are all currently let on Assured Shorthold Tenancies with gross rental receipts of just under £18,000 per annum. We feel that this property offers an excellent opportunity for an investment purchaser seeking a steady return on the capital.

Brief details are as follows:


FLAT 1 – GROUND FLOOR - Currently let on an Assured Shorthold Tenancy at £375 pcm exclusive

BEDROOM 1 12’2’’ into bay x 14’3’’ (3.73m x 4.34m)

BEDROOM 2 10’2’’ x 5’9’’ (3.11m x 1.77m)

LIVING ROOM 14’3’’ x 10’9’’ (4.36m x 3.30m)

KITCHEN 13’ x 7’9’’ (3.98m x 2.37m)

BATHROOM/WC


FLAT 2 – GROUND FLOOR - Currently let on an Assured Shorthold Tenancy at £350 pcm exclusive

LIVING ROOM 12’10’’ x 13’1’’ (3.93m x 4.0m)

KITCHEN 8’9’’ x 5’10’’ (2.67m x 1.78m)

BEDROOM 7’10’’ x 13’7’’ (2.41m x 4.15m)

BATHROOM/WC


FLAT 3 – FIRST FLOOR - Currently let on as Assured Shorthold Tenancy at £395 pcm exclusive

LIVING ROOM 14’3’’ x 18’1’’ into bay (4.36m x 5.52m)

KITCHEN 4’10’’ x 8’1’’ (1.49m x 2.47m)

BEDROOM 8’3’’ x 14’ (2.51m x 4.27m)

BATHROOM/WC


FLAT 4 – FIRST FLOOR – Currently let on as Assured Shorthold Tenancy at £375 pcm exclusive


LIVING ROOM 13’ x 10’10’’ (3.97m x 3.12m)

KITCHEN 9’3’’ x 5’3’’ (2.82m x 1.61m)

BEDROOM 1 7’10’’ x 13’ (2.39m x 3.98m)

BEDROOM 2 9’11’’ x 10’10’’ (3.02m x 3.30m)

BATHROOM & SEPARATE WC

OUTSIDE There is a car park area to the front providing Parking for all of the flats and there
are Gardens to the rear of the property.

TENURE Freehold (unconfirmed)

SERVICES Mains electricity, water and drainage

COUNCIL TAX Flat 1 - Band A
Flat 2 – Band B
Flat 3 – Band A
Flat 4 – Band A
These can be confirmed by the Isle of Wight Council on (01983 823901)

VIEWINGS STRICTLY BY APPOINTMENT ONLY THROUGH
ARTHUR WHEELER ESTATE AGENTS

These particulars are issued on the strict understanding that all negotiations are conducted through Arthur Wheeler. Although they are believed to be correct their accuracy is not guaranteed nor do they form any part of a contract. Our description of appliances and/or services including central heating systems should not be taken as any guarantee that they are in working order and should be checked by a prospective purchaser.

MORTGAGE ADVICE

If you require a mortgage or financial advice we recommend that you contact the local firm of Vectis Financial Services. Being Independent means that they are not tied to any financial institution and they can access the whole of the Mortgage Market to find a mortgage to meet your requirements. Telephone Phil Moore on 01983 865855 and you will receive experienced advice on the most suitable mortgage available to you.

YOUR HOME MAY BE RE-POSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

There may be a fee for mortgage advice, although this is normally paid by way of an introduction fee from the lender we arrange your mortgage with. The precise amount of any fee will depend on your own circumstances, but typically this could be 0.5% of the amount borrowed.